The agreement for the sale of shares of the parent company Alfa-Bank was signed in February
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The agreement on the sale of 100% of the shares of the parent structure of Alfa-Bank was concluded in February, follows from the AB Holding report for 2022, signed on March 16. The agreement is awaiting regulatory approvals from the EU countries and Russia.
“In February 2023, ABH Financial Ltd entered into a share purchase agreement with one of the beneficiaries. The agreement requires the approval of the regulatory authorities of the Russian Federation and the EU countries. As of the date of issue of these financial statements, approvals have not yet been received, ”says the AB Holding report, which cites Interfax.
March 9 about the upcoming change of shareholders of the bank reported The Financial Times, citing sources. According to the publication, co-founders of Alfa-Bank Mikhail Fridman and Petr Aven are ready to sell their shares of 32.9% and 12.4% for $2.3 billion (178 billion rubles) to Andrey Kosogov in order to be removed from the sanctions list. According to the FT, the deal should close in the spring.
March 10 in the press service of Alfa-Bank confirmed “Kommersant” that the credit institution is preparing a deal to sell the controlling shares of Mr. Fridman and Aven. Then the representatives of the bank indicated that this transaction would not require the approval of regulators.
It is expected that Andrey Kosogov will buy Alfa-Bank from the Cypriot ABH Financial Ltd. However, Interfax notes, the actual scheme of ownership of Alfa-Bank is not known. At the time of the last disclosure, AB Holding, owned by ABH Financial Ltd, was the final link in the bank’s ownership chain.
Alfa-Bank is among the top 50 Russian companies by net profit in 2022. He ranks 26th in the Forbes ranking with a net profit of 117.9 billion rubles. for 2021. Bank located under EU sanctions since February 25, 2023.
About whether the shareholders of Alfa-Bank will be able to get rid of sanctions by selling the asset – in the material “Kommersant FM” “Share of Hope”.
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