KIEV, Oct. 17 - Smartora Trading Ltd, a Cypriot company affiliated with the Group DF group of companies belonged to Dmytro Firtash, has increased its stake in Tifast S.r.l, an Italian titanium and other alloy production company located in San Liberato, from 32.68% to 37.96% thanks to an increase in capital.

"Tifast is an important strategic investment for the group's rapidly growing titanium division. Our further investment in Tifast will help finance the rolling out of Tifast's investment plans to enhance its technology and product offerings," reads a report of Group DF, citing the owner and board chairman of the group, Firtash.

As reported, in early August 2011 Group DF reported on the acquisition of a 32.68% stake in Tifast via Smartora Trading.