Company Overview of Alfa Group Consortium
Alfa Group Consortium, a conglomerate, engages in the fields of financial services, oil and gas production, investment, retail, telecommunications, and water supply and disposal in Gibraltar and internationally. Its financial services include corporate banking, retail banking, deposits, payment and account, foreign exchange operations, cash handling, custody, investment banking, trade finance, asset management, individual trust asset management, and private equity and real estate investment advisory services, as well as retail insurance products. The company also produces and markets oil and gas; operates refineries; operates service stations selling petroleum products; operates soft discoun...
4 Irish Place
Founded in 1989
Key Executives for Alfa Group Consortium
Chief Executive Officer and Member of The Alfa-Banks Board of Directors
Founder and Chairman of the Supervisory Board
Director of Corporate Development
Chief Executive Officer of AlfaStrakhovanie Group
Compensation as of Fiscal Year 2013.
Alfa Group Consortium Key Developments
LetterOne And Others Reportedly Eye RWE Dea
Nov 21 13
LetterOne Group is planning to invest in RWE Dea AG. Alfa Group Consortium’s investment company LetterOne may invest in RWE Dea, the upstream oil and gas division of RWE AG (DB:RWE), a source close to LetterOne told Interfax. The source said so far LetterOne is only studying the opportunity and that talks with RWE Dea are still in the initial stage. M&A Navigator reported that Mikhail Fridman and other investors plans to jointly bid for RWE DEA before the Christmas deadline.
Alfa Banking Group Announces Earnings Results for the First Half of 2013
Sep 3 13
Alfa Banking Group announced earnings results for the first half of 2013. For the period, on the basis of IFRS, the company's net profit amounted to USD 479 million against USD 544 million, representing a 22.1% return on average equity. At the same time operating profit before provisioning increased by 43.2% to USD 1,455 million against USD 1,016 million.
Alfa Group Consortium's LetterOne Mulls Acquisitions
Jun 17 13
LetterOne Group is seeking acquisitions. Alfa Group Consortium is launching a new vehicle part of LetterOne Group, to invest in the international oil and gas sector, It has access to constant capital, which it plans to use for long-term investment in oil and gas exploration and production, oil field services, oil and gas infrastructure and other projects. It plans either full takeovers or to buy strategic stakes in companies.
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