Tuesday, June 3, 2025

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Posted by September 19, 2014

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, 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

Related News

Marine Technology ENews subscription

World Energy News is the global authority on the international energy industry, delivered to your Email two times per week.

Subscribe to World Energy News Alerts.