Alfa Group
Alfa Group Consortium (Russian: Консорциум «Альфа-Групп») is Russian international 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.
| Company type | Private |
|---|---|
| Industry | Diversified investments conglomerate |
| Founded | 1989 |
| Founder | Mikhail Fridman Anatoly Potik German Khan Alexei Kuzmichov |
Area served | Russia, Ukraine, Turkey, Netherlands, Belarus, Kazakhstan, CIS |
Key people | Mikhail Fridman Anatoly Potik German Khan Alexei Kuzmichov Petr Aven |
| Revenue | US$16.613 billion (YE2012) |
Net income | 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 X5 Retail Group A1 Group Rosvodokanal Group |
| Website | https://alfagroup.org/ |
The group was founded in 1989 as Alfa-Eco by Israeli-Russian businessman Mikhail Fridman together with US/(former USSR) businessman Anatoly Potik. Alfa Eco was formed as a joint venture by Anatoly Potik's company ADP Trading (20% stake) and Mikhail Fridman's company Alfa-Foto (80% stake) Russian Ministry of Finance TIN Number 7728112961. Later German Khan, Alexei Kuzmichov, Alexander Kushev, and several other partners joined.
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.