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Renova says buys Sulzer stake, holds 32 percent

Fri Apr 20, 2007 12:43pm EDT

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ZURICH, April 20 (Reuters) - Russia's Renova said on Friday it had acquired a 32 percent stake in Swiss engineering firm Sulzer (SUN.S), raising chances the Swiss group would be taken over.

Renova, an investment group controlled by Russian billionaire Viktor Vekselberg, said its total stake in the group would be 18 percent in shares plus an additional 14 percent in physical delivery options, because of the purchase.

((Reporting by Katie Reid and Douwe Miedema;

Email: katie.reid@reuters.com

Reuters Messaging:

katie.reid.reuters.com@reuters.net

Telephone: +41 (0) 44 631 7320)) Keywords: SULZER RENOVA/

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