15 Mar 2022 18:39

German Khan, Alexey Kuzmichev no longer Alfa Bank shareholders

MOSCOW. March 15 (Interfax) - Alfa Bank has announced a change in its shareholder structure, with German Khan and Alexey Kuzmichev no longer co-owners of the lender.

Alfa Bank, one of Russia's biggest privately owned banks, now has five minority shareholders, with none of them having a controlling share: UniCredit S.p.A., The Mark Foundation for Cancer Research, Mikhail Fridman, Petr Aven, and Andrei Kosogov.

Britain on Tuesday imposed sanctions on Khan, Aven and Fridman. The latter two are already on EU sanctions lists.

The bank's main shareholders through the Luxemburg-registered ABH Holdings until today were Mikhail Fridman with 32.9%, German Khan with 21%, Alexey Kuzmichev with 16.3%, Petr Aven with 12.4%, Andrey Kosogov with 3.9%, Mark Foundation for Cancer Research with 3.9% and UniCredit S.p.A. with 9.9%.

Alfa Bank said on March 1 that Fridman and Aven would resign from the board soon. Alexander Galitsky, co-founder and managing partner at Almaz Capital Partners, as well as Sergei Matsotsky, co-founder of IBS, who are currently independent members of the board, will also resign.

Fridman, Aven and other shareholders lost control of the Ukrainian bank Alfa-Bank Ukraine at the beginning of March. Control was transferred to a special committee of four newly appointed independent directors who are citizens of Ukraine. The new administration plans to rename the bank Sense.