Alfa Bank's Russian owners to hand over their shares to Ukrainians

Thursday, 3 March 2022, 12:04

Russian businessmen Mikhail Friedman and Piotr Aven will voluntarily transfer their shares in Alfa Bank (Ukraine) to Ukrainian residents approved by the National Bank.

This was reported by Alfa-Bank’s press service.

Quote: "Shares belonging to sanctioned persons who indirectly own shares in Alfa-Bank Ukraine will be transferred into the ownership of individuals and legal entities resident in Ukraine and agreed with the NBU. Negotiations are underway with large Polish and Ukrainian companies, as well as private investors."

They added that the majority owners of the bank remain large European and American funds and companies.

The day before, the European Union agreed on sanctions against Friedman and Aven. The EU sees the departure of the businessmen from the co-owners of the Ukrainian bank as an opportunity to avoid any reputational risk.

It should be noted that according to the National Bank of Ukraine, as of 1 January, 2022, Mykhailo Friedman owned 32.86% of the bank's shares, and Piotr Aven owned 12.4%.

Earlier, Alfa-Bank reported that sanctions against the co-owners of the bank in Ukraine, Mykhailo Friedman and Piotr Aven, will not affect the normal operation of the institution.

Ekonomichna Pravda