A1 Has Become a Shareholder in Gras Group
A1 investment company has announced about the acquisition of a significant stake in the Gras Group. The Gras Group is a major developer and producer of building materials.
The Group was formed in 2005 and to date has completed two significant development projects in Sochi – the residential complexes Alexander Mayak and New Alexandria, and also built and put into operation two plants for the production of autoclaved aerated concrete (each with an annual capacity of 450 000 m3).
At present the Gras Group’s development projects portfolio includes projects for the construction of executive class residential complexes in Moscow and Sochi with a total area of more than 430 000 m2.
A1 is one of the leading players on the investment market in Russia and the CIS making equity investments in various industries, pursuing the interests of its shareholders, clients and partners. A1 focuses on investment projects of two types: special situations and growth strategies. Alfa-Bank (Russia), TNK, VimpelCom, Perekrestok and Rosvodokanal Group were originally A1 projects that later became strategic businesses for Alfa Group as well as core companies for the wider Russian economy. A1’s long-term interests are aimed at establishing strong and competitive businesses, producing modern and very high quality goods and services to satisfy Russia’s growing demand, and developing efficient organizational and management systems.