Alfa Group
Alfa Group Consortium (Russian: Консорциум «Альфа-Групп») is one of Russia's largest privately owned investment groups, with interests in oil and gas, commercial and investment banking, asset management, insurance, retail trade, telecommunications, water utilities and special situation investments. Alfa Group's portfolio of companies includes Alfa-Bank, TNK-BP, VimpelCom, X5 Retail Group, A1 Group, Alfa Capital Management, AlfaStrakhovanie Group, and Rosvodokanal Group.
The group was founded in 1989 as Alfa-Eco by Mikhail Fridman, one of the most influential business leaders in Russia during the Yeltsin presidency and one of the Russian oligarchs, in partnership with German Khan, Alexei Kuzmichov and several other partners.
Its headquarters are in Moscow. As a holding company, in the financial year ending December 2010 Alfa Group had total assets of US$ 59,900 million, total equity of US$ 21,790 million and profit for the financial year of US$2,810 million. Return on shareholders' equity were recorded at 13.4%.
In April 2012, Altimo sold its entire 25.1% stake in MegaFon to a private investor and to MegaFon for US $5.2 bln.
Read more about Alfa Group: Ownership Structure and Joint Ventures, Legal Disputes, Dispute With NoreX and BP, Dispute With Telenor, Dispute With TeliaSonera, Links To The Icelandic Financial Crisis
Famous quotes containing the word group:
“Stripped of ethical rationalizations and philosophical pretensions, a crime is anything that a group in power chooses to prohibit.”
—Freda Adler (b. 1934)