PragueConnect.cz - Economy

PragueConnect.cz is providing resources for English speaking Business Professionals living in, visiting, or interested in Prague and Czech Republic. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on PragueConnect.cz!

Russian RENOVA Group acquires SAFINA

Russian RENOVA Group, which is doing business e.g. in the segment of metallurgy and precious metal processing, became the new owner of SAFINA. The information was confirmed to ČIANEWS by SAFINA’s general director Viktor Fiala. The acquisition by RENOVA Group will boost SAFINA’s position on the global market and improve its access to precious metal ores from RENOVA Group’s resources. Mr. Fiala says that SAFINA will gain access to new markets in Russia and Asia, offering room for further growth and product portfolio expansion. SAFINA will thus be able to focus on products with higher added value. The SAFINA brand will be preserved and the company will continue to use the name in its business.

Source: www.cianews.cz