KIEV, Aug. 8 – Smartora Trading Ltd, affiliated with the Group DF group of companies, has acquired a 32.68% stake in Tifast S.r.l., an Italian producer of titanium and other alloys, Group DF reported on Monday.

"The plant in Europe will allow Ukraine to enter the European titanium market, to get closer to customers, and first and foremost to the European aerospace industry. Ukraine must develop its resources, enhance its raw material processing capacity and manufacture, jointly with advanced European enterprises, higher added value products," the press service quoted Group DF Chairman Dmitry Firtash as saying.