Alfa Group Consortium 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%.
He also hopes to exhibit a collection of his porcelain in the Victoria and Albert Museum.
List of most wealthy Russians for the second consecutive year is headed by the co-owner of "Novatek" and "Sibur" Leonid Michelson.
He became the sole owner of the pharmaceutical distributor SIA International.
Shareholders of Alpha Group may face claims on multi-million dollar bribe in the European Union.
The corporate recovery will affect only non-core assets of the group.
According to Russian media, the head of the investment division of Rostec Corporation, Andrey Korobov, is supposedly leaving his post soon. He will be replaced by the head of the investment company A1, Alexander Vinokourov, who is married to the daughter of Russian Foreign Minister Sergey Lavrov, Katerina. And this is the main advantage of this investment banker.
The son-in-law of the Russian Foreign Minister Sergey Lavrov is actively involved in the seizure of foreign assets and corporate scandals.
President of investment company A1, Alexander Vinokurov, became the controlling shareholder of SIA International, one of the leaders in the distribution of medicines in Russia. He plans to regain its lost supremacy in the market.
Forbes asked the Russian billionaires, what they were doing in relation to the new law on foreign-controlled companies.
Ukrainian lottery market may soon go completely under state control.
LetterOne has up to six months to ensure the change of ownership of assets.
The combined wealth of 200 richest businessmen of Russia decreased by $73 billion, while the number of billionaires fell to 88 from 111.
Ally of the opposition leader Alexey Navalny, Vladimir Ashurkov has been granted political asylum in Britain.
On Thursday, LifeNews channel removed from its site an article stating that the activities of the opposition leader Alexei Navalny were allegedly secretly funded by the Kremlin structures after a Kremlin source called it "complete nonsense."
The tycoon has lost most of his fortune according to the results of litigation in Cyprus with his former business partner, ex-Prosecutor General of Ukraine Gennady Vasilyev.
In recent years, according to the opposition, Alexet Navalny is more and more pressed by "The Alfa Group" through the scandalously famous Vladimir Ashurkov, who is considered to be an unofficial sponsor of Navalny.