US EditionRussian billionaires Fridman and Aven sell Alfa-Bank stakes in bid to overturn sanctions
7 Articles
7 Articles
2 Russian oligarchs sell Alfa-Bank stakes hoping to escape EU sanctions, FT reports
Russian billionaires Mikhail Fridman and Petr Aven have sold their stakes in Russia's largest private bank, Alfa-Bank, and its insurance division in an effort to overturn European Union sanctions, the Financial Times (FT) reported on Feb. 6.Aven and Fridman were sanctioned by the EU on Feb. 28, 2022, for their ties to the Kremlin and support for Moscow's war against Ukraine.In April 2024, the EU’s General Court lifted sanctions against the two o…
Sanctioned Russian Billionaires Fridman and Aven Sell Bank Stakes for $2.5Bln – FT
Russian billionaires Mikhail Fridman and Petr Aven sold their stakes in Russia’s largest private bank and its insurance arm for $2.48 billion as they seek to lift EU sanctions, the Financial Times reported Thursday, citing documents it obtained.
Billionaires Mikhail Friedman and Peter Aven sold shares in Alfa Group to their partner Andrey Kosogov. About this with reference...
Co-founders of “Alpha Group”, Mikhail Friedman and Piotr Aven, completed the transaction for the sale of their shares in Alfa-Bank and the company “Alfastrahovanie”. The purpose of this sale was to eliminate Russian assets, in the hope of lifting European sanctions. The transaction took place last year as part of an agreement reached in 2023, according to documents obtained by the Financial Times. The buyer is Andrei Kosogov, who before the war …
Friedman and Aven owned a total of 45% of the bank's shares and 42% of the insurance company.
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