Alfa Group
| Private conglomerate | |
| Industry | Diversified investments |
| Founded | 1989 |
| Founder |
Mikhail Fridman German Khan Alexei Kuzmichov |
| Headquarters | Moscow, Russia |
|
Area served
|
Russia, Ukraine, Turkey, CIS |
|
Key people
|
Mikhail Fridman German Khan Alexei Kuzmichov Petr Aven |
| Revenue |
 US$16.613 billion (YE2012) |
| Profit |
 US$2.722 billion (YE2012) |
| Total assets |
US$82.598 billion (YE2012) |
| Total equity |
US$21.279 billion (YE2012) |
| Subsidiaries |
Alfa-Bank Alfa Capital Management Alfa Capital Partners AlfaStrakhovanie Group Altimo VimpelCom TNK-BP X5 Retail Group A1 Group Rosvodokanal Group |
| Website | http://www.alfagroup.org |
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, Rosvodokanal Group, and Morginsuisse Holdings.
The group was founded in 1989 as Alfa-Eco by Israeli-Russian businessman Mikhail Fridman, the second wealthiest man in Russia, in partnership with German Khan, Alexei Kuzmichov, Alexander Kushev, 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.
Alfa Group has ownership stakes in the following companies and joint ventures:
There are a number of current disputes regarding Alfa's 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
Over 10 years, Alfa Group has found itself in legal battle with business partners from Canada (NoreX), Great Britain (BP), Sweden (TeliaSonera), Norway (Telenor), Turkey and Indonesia. Federal Reserve executive Paul Volcker has accused Alfa Group of violation of the UN sanctions against Iraq during Saddam Hussein's regime, and for pressure exercised against KPMG during their investigation of a Bermuda registered, Russian telecom company.
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Wikipedia