Company
Alfa Group
Privately owned Russian investment group founded in 1989 by Mikhail Fridman, held through its Gibraltar holding company CTF Holdings.
- Registered in
- 🇷🇺 Russia
- Founded
- 1989
- Owned by
- CTF Holdings
- Products here
- 0
Who owns Alfa Group
Every company above Alfa Group, the top of the group first, each tie from a cited source.
No company above it
owns
What the sources say about these ties
- CTF Holdings owns
- The group's own website names CTF Holdings Ltd as the ultimate holding company through which the three beneficial shareholders hold the subholdings; ABH Holdings is held by them directly
About Alfa Group
Alfa Group Consortium is a privately owned Russian investment group with interests in banking, insurance, retail, telecommunications, water utilities and other investments; Mikhail Fridman founded it in 1989 as Alfa-Eco with Anatoly Potik, and German Khan, Alexei Kuzmichov and other partners joined later.[1] Its ultimate holding company is CTF Holdings Ltd, based in Gibraltar, which also serves as the group's corporate centre.[2][1] Its Cyprus entity Erasmony Limited is the largest shareholder of Rissa Investments Limited, the parent of the Borjomi mineral water group.[3]
The group's website described it as a set of subholdings in which three beneficial shareholders, Mikhail Fridman, German Khan and Alexey Kuzmichov, hold controlling stakes of between 47% and 100%, consolidated through CTF Holdings, which they created for that purpose; ABH Holdings S.A., the banking subholding, was spun out of CTF to take part in Russia's deposit insurance scheme and is held by the three directly, and minority partners hold stakes in the subholdings under shareholder agreements with CTF.[4][5] In June 2022, after Western sanctions on Fridman, Erasmony transferred 7.73% of Rissa to the government of Georgia and Alfa Group gave up its controlling interest.[3] In November 2023 Ukrainian presidential decree No. 739 placed Alfa Finance Holdings, Erasmony, Rissa Investments and CTF Holdings S.A. under Ukrainian sanctions, companies Interfax-Ukraine associates with Fridman and the other co-owners of Alfa Group.[6]
References
- ↑ Alfa Group Wikipedia. publication. Accessed 2026-09-23. CC BY-SA 4.0.
- ↑ Alfa Group Consortium: Corporate Centre Alfa Group Consortium. manufacturer. Accessed 2026-09-23.
- ↑ Georgia to acquire 7.7% stake in Borjomi parent company, Alfa's stake to drop below control Interfax. publication. Published 2022-06-15. Accessed 2026-09-23.
- ↑ Alfa Group Consortium: Alfa Group's Holdings Alfa Group Consortium. manufacturer. Accessed 2026-09-23.
- ↑ Alfa Group Consortium: Alfa Group's Shareholders Alfa Group Consortium. manufacturer. Accessed 2026-09-23.
- ↑ Zelenskyy imposes sanctions against IDS Limited, other foreign companies associated with Alfa Group Interfax-Ukraine. publication. Published 2023-11-07. Accessed 2026-09-23.
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