September 19, 2014 / 1:30 PM / in 5 years

Sulzer shareholder Renova has 4.99 pct stake in Dresser-Rand

ZURICH, Sept 19 (Reuters) - Russian billionaire Viktor Vekselberg’s Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand Group Inc ., which might become the object of a takeover battle.

Swiss pump maker Sulzer, in which Renova Group has a 33 percent stake, said this week it was in non-exclusive talks with compressor and turbine maker Dresser-Rand, and media reported on Friday Germany’s Siemens was also considering a bid.

Renova said in a statement it did not intend to comment further. (Reporting by Oliver Hirt and Silke Koltrowitz)

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