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Renova Group

One of the largest Russian private business groups

The Renova Group consists of asset management companies and direct and portfolio investment funds. Renova Group’s strategy is based on acquiring assets in sectors with high growth potential and fully utilizing consolidation potential.

Renova’s assets
  • Metallurgy
  • development
  • machinery
  • airports
  • energy
  • housing and
    public utilities
  • telecommunications
  • mining
  • chemical
    and carbonic
    industry
  • hi-tech
    and ventures
  • finance
    and asset
    management

One of Renova Group’s objectives is the research and development of advanced technologies and their possible applications in different sectors in Russia.

The company was founded in 1990. In 2008 Renova Group became the first private Russian company to receive a Standard & Poor’s credit rating. In 2010 Viktor Vekselberg, the co-founder and chairman of Renova, was appointed head of the Russian side of the project to create the Skolkovo Innovation Center by decree of then Russian president Dmitry Medvedev.

Geography of Renova Group’s investments
  • Russia
  • Switzerland
  • Italy
  • South Africa
  • USA
  • Latvia

The company not only weathered the 2006 development market crisis, but also provided substantial support to defrauded investors. As part of an agreement with the Moscow region authorities, the Renova Group’s development structure spent 78.9 million USD to complete the construction of ‘problem’ housing in the area.

Completing suspended construction
  • 3 years
  • 6 6 high-rise
    buildings
80,000 m2 total area
Project in Sochi
  • 34,5 ha

    area
  • 3,6 thousands

    rooms
  • 600 million $

    investment

Renova Group was the leading hotelier of the 2014 Winter Olympic Games in Sochi. The group built a resort and apartment hotel in the Imereti lowlands, and also developed the infrastructure of the Olympic housing complex.

In 2013 Renova Group, in conjunction with Rosnano, allocated 78.9 million USD for the construction of solar power plants in Russia as part of the Hevel project. Renova owns 51% of the project.

Hevel Project
600 MW

More than
600 MW of solar
power by 2020

The Renova Group manages airports in Yekaterinburg, Samara and Nizhny Novgorod. Expansion into Siberia began in 2014. The company plans to build a new 40,000 m2 terminal in the Krasnoyarsk Emelyanovo airport for 100 million euros (136 million USD).

Airports: Renova Group’s shares
Yekaterinburg 52,48% of the shares
Nizhny Novgorod 75% of the shares
Samara 71,18% of the shares
Viktor Vekselberg
Viktor Vekselberg
Shareholder and chairman of the board

He graduated with honors from the Moscow Institute of Transport Engineering (MIIT) and enrolled in graduate school at the Computing Centre of the Academy of Sciences. He is a Candidate of Mathematical Sciences.

Viktor Vekselberg co-founded the Renova Group in 1990. He founded the SUAL Group in 1996 and served as the Chairman until 2003. Viktor Vekselberg served on the Board of Directors of TNK-BP from 2003 to 2013. He was Chairman of the Board of Directors at United Company RUSAL from 2007 to March 2012.

Vekselberg is a Member of the Board of the Russian Union of Industrialists and Entrepreneurs (RSPP) and Chairman of the International Affairs Committee of the RSPP.

In March 2010 Viktor Vekselberg was appointed head of the Russian side of the project to create the Skolkovo Innovation Center by decree of then Russian president Dmitry Medvedev. He has been the President of the Development Fund of the Center of the Development and Commercialization of New Technologies (the Skolkovo Fund).

In 2014, Viktor Vekselberg ranked third on the Forbes magazine list of the wealthiest businessman in Russia.

Brand personalities
Viktor Vekselberg

Shareholder and chairman of the board