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. Last Updated: 07/27/2016

Renova Investment in Oerlikon

Renova, the investment vehicle of Viktor Vekselberg, will inject about 450 million Swiss francs ($424 million) into Oerlikon as part of a recapitalization plan, the investor said, the Tages-Anzeiger newspaper reported.

Other current and new investors will also participate in the recapitalization, and Renova will remain Oerlikon's biggest shareholder, Vekselberg said.