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Founded in 1989, Alfa Group Consortium is one of Russia’s largest privately owned
financial-industrial conglomerates, with interests in oil and gas, commercial and investment banking, asset management, insurance, retail trade, telecommunications, media, water supply and water disposal, as well as other industrial-trade and special-situation investments. The Group typically focuses on value-oriented, longer-term opportunities, primarily in Russia and the CIS, but also invests in other markets which form part of the Group’s strategic business objectives.
Alfa-Bank Russia, one of Russia’s largest private banks, is the Group’s flagship company. The Bank provides a full range of corporate, retail and investment banking services, asset management and trade finance, and has the second largest branch network in Russia and has subsidiaries in Kazakhstan, the Netherlands, Cyprus, the USA and the United Kingdom. Alfa-Bank Ukraine, one of the ten largest and is one of the most dynamic privately-owned banks in Ukraine, operates in all key sectors of the banking sphere. Alfa Capital Management is the Group’s asset management arm whose clients include Russian as well as international institutional and private clients. Alfa Capital Partners is the Group's private equity and real estate investment advisory arm. Alfa Group is also the owner of AlfaStrakhovanie Group, one of the largest Russian insurers with a diversified portfolio of services comprising both comprehensive business insurance coverage and an extensive range of retail insurance products.
Alfa Group, together with Access Industries/Renova, holds a 50% stake in TNK-BP, one of the largest vertically integrated Russian oil and gas companies (in terms of production). In 2008 it controlled daily output in excess of 1.6 million barrels of oil (excuding a 50% interest in Slavneft). TNK-BP operates five refineries in Russia and Ukraine and nearly 1,400 service stations across the two countries.
The Group, through Altimo, has significant investment in cellular communications providers with wide range of wireless, fixed and broadband technologies, including investments in VimpelCom (traded on NYSE, symbol: VIP) and MegaFon as well as Kyivstar GSM, a leading cellular provider in Ukraine. Also, the Group invests in Turkcell, a leading GSM operator in Turkey (traded on NYSE and Istanbul Stock Exchange (IMKB)).
The Group’s other interests include X5 Retail Group N.V. (traded on LSE, symbol: FIVE), which holds Pyaterochka, one of the largest discount grocery retailers in Russia in terms of sales, Perekrestok , which runs a leading chain of supermarkets in Russia, and Karusel, the fifth largest hypermarket operator in Russia by revenue; CTC Media, Inc., one of the largest commercial television broadcasters in Russia (traded on NASDAQ, symbol: CTCM); A1, a leader in direct investment in the Russian, CIS and other emerging markets, and Rosvodokanal Group, a leading private operator of water supply and sewage in the CIS.
The Group typically focuses on value-oriented, longer-term opportunities, primarily in Russia and the CIS, but also invests in other markets which form part of the Group’s strategic business objectives.
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