Ownership Structure and Joint Ventures
Alfa Group has ownership stakes in the following companies and joint ventures:
- Alfa-Banking Group, which includes Alfa-Bank Russia, wholly owned commercial and investment bank and one of Russia's largest, private banks, Alfa-Bank Ukraine, one of the ten largest banks in Ukraine, banks in the Netherlands (Amsterdam Trade Bank), Belarus and Kazakhstan as well as financial subsidiaries in Cyprus, United Kingdom and the United States.
- AlfaStrakhovanie Group, one of the largest Russian insurers with a diversified portfolio of comprehensive business and retail insurance products.
- X5 Retail Group, the largest food retail operator in Russia in terms of sales. Operates Pyaterochka, one of the largest discount grocery retailers in Russia in terms of sales, Perekrestok, which runs a leading chain of supermarkets in Russia, Kopeyka, a leading discount grocery retailer, and Karusel, one of the largest hypermarket chains in Russia. Listed on London Stock Exchange under the symbol FIVE. Alfa Group owns 47.86% of the company, 19.85% stake belongs to the founders of Pyaterochka.
- TNK-BP, one of the top ten privately-owned oil companies in the world in terms of crude oil production. The company was formed in 2003 as a result of the merger of BP's Russian oil and gas assets and the oil and gas assets of Alfa Group, Access Industries and Renova Group (AAR). BP and AAR each own 50% of TNK-BP.
- VimpelCom, one of the world's largest groups of integrated telecommunications services operators. Listed on the New York Stock Exchange under the sympol VIP. Alfa through Altimo owns 24.998%, Norwegian telco Telenor owns 25.007% of shares, and 29.626% stake is owned by Weather Investments of Sawiris family.
- Turkcell, Turkey's largest mobile operator. Alfa Group controls 13.22% stake in the company with Swedish telco TeliaSonera.
- Rosvodokanal Group, a leading private operator of water utilities in Russia and CIS.
- A1 Group, former Alfa-Eco, wholly owned special situations investment company.
- Alfa Capital Management, an asset management company, which serves Russian as well as international institutional and private clients.
There are a number of current disputes regarding Alfa's claimed ownership of various stakes in telecoms companies.
Alfa Group is notably involved in a commercial dispute with Norwegian mobile phone company Telenor over the control of Russian company Vimpelcom
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