Liwet Holding AG, Zurich (“Liwet”) on May 18, 2018, Renova has divested the majority of its shareholdings in Liwet, Renova’s Swiss company holding a major stake in Oerlikon. As a result, Renova’s effective shareholding in Liwet dropped below the controlling block and amounts to 44.46 per cent in total. While Renova’s shareholdings in Oerlikon have fallen from 43.04 per cent to approximately 20 per cent, Liwet’s stake in Oerlikon remains unchanged.