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Alfa Group
Alfa Group Consortium (Russian: Консорциум «Альфа-Групп») is a 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.
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.
Its central holding company is located in Gibraltar and under the direction of Franz Wolf, the son of Markus Wolf. 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[clarification needed] in telecoms companies.[citation needed]
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 spring 2005 investigation of a Bermuda registered, Russian telecom company, Ipoc International. To counter the Bermuda government supported audit by KPMG of Ipoc International, Alfa Group hired Diligence, founded by Richard Burt and Lord Powell of Bayswater with Diligence Europe headed by Michael Howard. Diligence began its Project Yucca to infiltrate KPMG. The Bermuda government accused Diligence of impersonating secret service personnel to obtain KPMG information about KPMG's audit of IPOC International Growth Fund Ltd. The Bermuda government accused Alfa Group's Ipoc International of money laundering. Alfa Group stated that Diligence was not hired by Alfa Group but by BGR which was founded by Haley Barbour. BGR had worked for Alfa Group's telecom Altimo. Project Yucca ended on October 18, 2005, when KPMG received papers from Project Yucca. During Project Yucca, the shareholders of Diligence were CEO Nick Day who was a former British agent, Chairman of Diligence Richard Burt who was a former United States ambassador to Germany under Reagan, the Exxel Group which is a Buenos Aires private equity firm, and Edward Mathias from Carlyle Group which is a private equity company from Washington, D.C.
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Alfa Group
Alfa Group Consortium (Russian: Консорциум «Альфа-Групп») is a 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.
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.
Its central holding company is located in Gibraltar and under the direction of Franz Wolf, the son of Markus Wolf. 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[clarification needed] in telecoms companies.[citation needed]
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 spring 2005 investigation of a Bermuda registered, Russian telecom company, Ipoc International. To counter the Bermuda government supported audit by KPMG of Ipoc International, Alfa Group hired Diligence, founded by Richard Burt and Lord Powell of Bayswater with Diligence Europe headed by Michael Howard. Diligence began its Project Yucca to infiltrate KPMG. The Bermuda government accused Diligence of impersonating secret service personnel to obtain KPMG information about KPMG's audit of IPOC International Growth Fund Ltd. The Bermuda government accused Alfa Group's Ipoc International of money laundering. Alfa Group stated that Diligence was not hired by Alfa Group but by BGR which was founded by Haley Barbour. BGR had worked for Alfa Group's telecom Altimo. Project Yucca ended on October 18, 2005, when KPMG received papers from Project Yucca. During Project Yucca, the shareholders of Diligence were CEO Nick Day who was a former British agent, Chairman of Diligence Richard Burt who was a former United States ambassador to Germany under Reagan, the Exxel Group which is a Buenos Aires private equity firm, and Edward Mathias from Carlyle Group which is a private equity company from Washington, D.C.