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А1 Gains Strength with Alliance

July 04, 2019. TAG: Investment

The conflict between shareholders of CineLab Group, specializing in film making and screening services, and А1 investment company, a member of Alfa Group, is closed. The result is that А1 acquired Alliance at Elektrozavodskaya business centre in Moscow with an area of 12.5 thousand sq m, which may cost up to 1 bln rubles.

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A1 is one of the leading investment businesses in Russia and the CIS. It focuses on investments in companies facing financial difficulties and engaged in corporate conflicts. Alfa-Bank (Russia), TNK, VimpelCom, Perekrestok (part of X5 Retail Group) 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.

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