17 Mar 2022 18:08

Andrei Kosogov becomes biggest Alfa-Bank shareholder after Khan, Kuzmichev exit

MOSCOW. March 17 (Interfax) - Andrei Kosogov, one of the founders of the Alfa-Group's financial business, has become Alfa-Bank' biggest shareholder with a 41% stake, according to information posted on the bank's website.

Alfa-Bank said on March 15 that it had changed its shareholder structure, with German Khan and Alexey Kuzmichev no longer co-owners of the lender. They previously owned 21% and 16.3% of the bank. Alfa Bank, one of Russia's biggest privately owned banks, was left with five minority shareholders, none with a controlling share.

The bank's main shareholders through the Luxemburg-registered ABH Holdings as of March 16 were Andrei Kosogov with 41% - he previously owned 3.7% - as well as Mikhail Fridman with 32.9%, Petr Aven with 12.4%, Mark Foundation for Cancer Research with 3.9% and UniCredit S.p.A. with 9.9%.

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

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.