The story
Founded by Alexei Kuzmichov, German Khan and Mikhail Fridman in 1989.1
Private company
Alfa Group
Logo: Kopiersperre, Public domain, via Wikimedia Commons3
Russian international industrial and financial group
Alfa Group Consortium (Russian: Консорциум «Альфа-Групп») is a Russian international privately owned investment group, with interests in oil and gas, commercial and investment banking, asset management, insurance, retail trade, telecommunications, water utilities and special situation investments. The group was founded in 1989 as Alfa-Eco by Israeli-Russian businessman Mikhail Fridman together with US/(former USSR) businessman Anatoly Potik.2 Its revenue was $11.9 billion in 2010.1 Wikipedia text CC BY-SA 4.0
Last updated Oct 20, 2026.
Overview
1989Founded1
- HeadquartersMoscow1
- Websitewww.alfagroup.org
- Legal formjoint-stock company1
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Alfa Group Consortium (Russian: Консорциум «Альфа-Групп») is a Russian international privately owned investment group, with interests in oil and gas, commercial and investment banking, asset management, insurance, retail trade, telecommunications, water utilities and special situation investments.2
Corporate structure
Alfa Group sits at the top of its group. 10 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
- Alfa Group Moscow
- Alfa-Bank Subsidiary · Moscow
- Avianova Subsidiary · Moscow
- Ukrsotsbank Subsidiary · Kyiv
- X5 Retail Group Subsidiary · Amsterdam, Netherlands
- Chizhik Subsidiary
- Karusel Subsidiary · Moscow, Russia
- Kopeyka Subsidiary · Moscow
- Perekryostok Subsidiary · Moscow
- Pyaterochka Subsidiary · Russia
Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Alfa Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Stakes and holdings (Wikidata)
Things Wikidata records the company as owning, with the share when stated.1
Leadership
Who has led Alfa Group, and when. Pick a name to see everywhere that person has worked.
- FounderAlexei Kuzmichov1
- FounderGerman Khan1
- FounderMikhail Fridman1
Subsidiaries and ownership
Subsidiaries
Also owns
From Wikidata.1
Revenue over time
As stated on Wikidata, in the currency reported.
Revenue
- 2010$11.9B1
Controversies and legal
Legal disputes
Over 10 years, Alfa Group has found itself in legal battle with business partners from Canada (NoreX), Great Britain (BP), Sweden (TeliaSonera), Norway (Telenor), Turkey and Indonesia. Federal Reserve executive Paul Volcker has accused Alfa Group of violation of the UN sanctions against Iraq during Saddam Hussein's regime, and for pressure exercised against KPMG during their spring 2005 investigation of a Bermuda registered, Russian telecom company, Ipoc International. To counter the Bermuda government supported audit by KPMG of Ipoc International, Alfa Group hired Diligence, founded by Richard Burt and Lord Powell of Bayswater with Diligence Europe headed by Michael Howard. Diligence began its Project Yucca to infiltrate KPMG. The Bermuda government accused Diligence of impersonating secret service personnel to obtain KPMG information about KPMG's audit of IPOC International Growth Fund Ltd. The Bermuda government accused Alfa Group's Ipoc International of money laundering. Alfa Group stated that Diligence was not hired by Alfa Group but by BGR which was founded by Haley Barbour. BGR had worked for Alfa Group's telecom Altimo. Project Yucca ended on October 18, 2005, when KPMG received papers from Project Yucca. During Project Yucca, the shareholders of Diligence were CEO Nick Day who was a former British agent, Chairman of Diligence Richard Burt who was a former United States ambassador to Germany under Reagan, the Exxel Group which is a Buenos Aires private equity firm, and Edward Mathias from Carlyle Group which is a private equity company from Washington, D.C.
Sanctions
In December 2023 the EU sanctioned AlfaStrakhovanie Group.
From Wikipedia’s article on Alfa Group, shared under CC BY-SA 4.0.4
Timeline
- 1989Founded Founded1
Links
- Websitewww.alfagroup.org1
- Facebookwww.facebook.com/alfagroup1
- YouTubewww.youtube.com/channel/UCa28vRZstNz45JSa1jNVVMg1
- WikipediaAlfa Group
- More imagesWikimedia Commons
- WikidataQ2004123
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataAlfa Group on Wikidata
- 2WikipediaAlfa Group on Wikipedia
- 3Wikimedia CommonsAlfa Group logo by Kopiersperre, Public domain
- 4