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Renova Media to rebrand as Akado
RBC, 27.03.2008, Moscow 17:42:10.Renova Media intends to make the governance of its subsidiaries more centralized, as it will become an asset management company, the holding reported in a statement today. It has nearly completed the consolidation of assets, which were purchased in 2006-2007, and is now planning to focus its efforts on organic growth. The asset management company will oversee its subsidiaries' financial, technical, personnel, and purchase policies, as well as other business processes. As part of its consolidation program, Renova Media intends to operate under the single Akado brand starting from March 31, and a number of its subsidiaries will be renamed.
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