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Russian Free Press

Alfa-Bank confirmed the preparation of a deal to sell the shares of Fridman and Aven

March 10, 2023
in Daily News
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Alfa-Bank is preparing a deal to sell the controlling shares of the co-founders of the organization Mikhail Fridman and Petr Aven. It is reported by "Kommersant" with reference to the press service of the bank.

“As far as we know, such a deal is indeed being worked out. It is too early to talk about its completion - the parties need to go through a number of corporate and legal procedures," the bank's representatives said.

As a result of the transaction, Andrei Kosogov, one of the founders of the bank, should become the main owner of Alfa-Bank.

A day earlier, the change in the bank's shareholders was reported by The Financial Times, citing sources. According to the FT, Fridman and Aven are ready to sell their stakes of 32.9% and 12.4% in the bank for $2.3 billion in order to get Western sanctions lifted from them.

A few hours earlier, politician Leonid Volkov announced that he was leaving the post of chairman of the board of the ACF International fund (the international name for the Anti-Corruption Fund) due to a letter that he, without informing his colleagues from the FBK, sent to the office of the EU High Representative for Foreign affairs and security policy of Josep Borrell. In the letter, Volkov suggested that Borrell write down clear criteria for lifting sanctions, and also pointed out that many businessmen who do not support the Kremlin’s course were unfairly sanctioned. As an example, he cites the shareholders of Alfa Group Mikhail Fridman, Petr Aven, German Khan and Alexei Kuzmichev and proposes to exclude them from the EU sanctions list. Read more about it here .

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