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History of Alfa Group Consortium

2000

  • 1989, Alfa-Eco the first company of Alfa Group Consortium was founded (it was renamed to A1 in 2005). The company was focused on investment and commodities trading and distribution in Russia, the CIS and Southeast Asia.
  • December 1990, Alfa-Bank Russia was established.
  • 1992, Alfa Group founded Crown Trade and Finance group, later known as Crown Resources AG, based in Zug, Switzerland, with branches in London and Gibraltar and representative offices in Moscow, Baghdad, Havana, Caracas and Singapore, which was focused on trading of physical commodities with the territories of the Caribbean basin and Latin America, the Middle and Far East, Africa, and Russia as well as other CIS countries.
  • 1992, the privatization fund Alfa Capital was registered.
  • December 1994, Alfa-Bank Kazakhstan was established.
  • September 1995, the first Perekrestok store was opened according to Alfa Group Consortium's strategic decision to enter the food retail market.
  • 1996, Alfa Capital Management was founded in Russia.
  • July 1997, 40% of Tyumen Oil Company (TNK) shares were privatized in an investment tender. The tender was won by Novy Holdings a company jointly owned and controlled by Alfa Group and Access Industries/Renova Group.
  • July 1997, Alfa-Bank Russia successfully placed the US $175 mln. Eurobond issue which was the first Eurobond placement by Russian private bank.
  • Early 1998, Alfa Group and Access Industries/Renova Group purchased a further 9% of TNK shares from private shareholders and an additional 1.1% at a specialized auction, thus consolidating a controlling stake (50.1%) in TNK.
  • 1999, Alfa Group acquired a 25% stake in STS Network, a national television network in Russia.
  • December 1999, when the Russian government (represented by the Federal Property Fund) tendered the remaining 49.8% of TNK for privatisation, Alfa Group and Access Industries/Renova Group jointly won the tender, bringing their total ownership in TNK to 99.9%.
  • March 2000, Alfa-Bank Russia acquired 76% of Kiev Investment Bank and merged it with Alfa Capital Ukraine in October 2000, thus establishing Alfa's financial supermarket in the Ukraine.
  • July 2000, Alfa-Eco and Alfa-Bank Russia acquired 50% of Trading House Smirnov with one of the world's major vodka trademarks.
  • August 2000, Alfa Group merged its sugar business, Kubansakhar, with the sugar and grain businesses of the Intec Group creating United Food Company.
  • September 2000, TNK acquired 85% of oil company ONAKO.
  • September 2000, Alfa-Bank Russia established Alfa Securities in London.
  • September 2000, a new insurance unit was launched within Alfa Group with the establishment of the market oriented insurance company — Alfa Guaranty — whose aim was to provide a range of comprehensive financial services to its customers.
  • 2000, insurance company Ostra Kiev (Ukraine) was acquired.
  • 2000, Alfa Capital privatization fund was transformed into the mutual fund under management of Alfa Capital Management.
  • January 2001, Alfa-Bank Ukraine was registered.
  • March 2001, Alfa-Bank Russia acquired 100% of Amsterdam Trade Bank N.V.
  • March 2001, Alfa Group acquired for a 43.8% stake of US-listed Golden Telecom Inc, one of the leading integrated telecommunications and Internet companies operating throughout Russia and the CIS.
  • April 2001, Alfa-Bank Russia acquired 100% of Compass Financial Corporation (USA) and renamed it Alfa Capital Markets Inc.
  • June 2001, Alfa-Bank Russia acquired 98.1% of Insurance Group VESTA.
  • September 2001, the entire insurance business of the Group was united under a single trademark – AlfaStrakhovanie Group.
  • May 2001, Alfa-Eco acquired 25%+1 voting shares of Vimpel-Communications and VimpelCom-R.
  • 2001, Alfa-Eco together with an equal joint-venture partner, acquired just under 93% of Volga, the largest manufacturer of newsprint paper in Russia.
  • March 2002, Golden Telecom, Inc. purchased 50% shares of Sovintel, a leading Russian telecommunications company, from Rostelecom, thereby raising Golden's ownership interest to 100%.
  • April 2002, TNK sold a 15% stake in oil and gas company SIDANCO to BP.
  • July 2002, Alfa Group made further investment into telecommunications by purchasing 16.2% of Kyivstar, one of the largest cellular communications providers in Ukraine.
  • September 2002, Alfa Group completed the sale of United Food Company, selling UFC's sugar and grain businesses to a private strategic investor.
  • December 2002, Alfa Group sold its entire interest in international commodities trading business, Crown Resources AG, in a management-led buyout.
  • The latter half of 2002, Alfa Group acquired an effective 20.1% stake in Kyivstar GSM.
  • December 2002, TNK acquired, jointly with Sibneft, an approximate 75% stake in Slavneft, the second largest privatization tender in Russia's history.
  • 2003, Alfa Capital Partners was established.
  • 2003, Alfa Group acquired 25.1% shares of MegaFon, the third largest mobile operator in Russia.
  • August 2003, Alfa Group restructured its stake in STS Network into a 25% stake in CTC Media, Inc.
  • September 2003, TNK-BP was created as the result of the merger of the Russian companies TNK, SIDANCO and ONACO with many of BP's oil and gas assets in Russia.
  • 2003, Alfa Group acquired Rosvodokanal Group with the strategic aim to develop a leader among Russian private water utilities operators.
  • 2003, Alfa-Eco sold its stake in Volga project to a strategic investor.
  • 2003, Russian Technologies venture fund was established.
  • Early 2004, Alfa Group consolidated all telecom assets (VimpelCom, Golden Telecom, Inc., Kyivstar and MegaFon), which were previously held in different parts of the Group, under a newly established holding company — Alfa Telecom (renamed to Altimo in 2005) which is the Group's vehicle for making investment into telecom assets.
  • 2004, Alfa-Eco acquired a stake in a former state-owned brewery Syabar in Belarus in order to create the first modern and the second largest brewery business in Belarus.
  • 2004, Alfa-Eco consolidated a significant interest in SUN Interbrew, the second largest brewery holding company in Russia and the largest in Ukraine in terms of production and sales volumes.
  • 2005, Alfa-Eco sold its interest in SUN Interbrew to InBev Concern, the transaction became one of the largest in the brewing industry history in Russia and the CIS.
  • December 2005, Alfa Group acquired an indirect, effective 13.2% interest in NYSE-listed Turkcell Iletisim Hizmetleri, AS, (the leading wireless telecommunications service provider in Turkey) through the purchase of a 49% interest in Cukurova Telecom Holdings which effectively owned an indirect interest in Turkcell.
  • December 2005, Altimo purchased an additional 21.7% stake in Kyivstar bringing its total stake in Kyivstar to 43.5%.
  • The latter half of 2005, VimpelCom purchased 100% of Ukrainian Radio Systems, a Ukrainian GSM operator whose licenses cover 80% of the country's population.
  • December 2005, VimpelCom acquired a 60% interest in Tacom, a cellular operator in Tajikistan.
  • 2005, A1 was established to carry on the business of Alfa-Eco.
  • 2005, Alfa Telecom was renamed to Altimo.
  • February 2006, A1 and Diageo, the largest global manufacturer and distributor of alcoholic beverages, set-up a joint venture Diageo Distribution to promote, sell and distribute premium alcoholic beverages in Russia.
  • May 2006, X5 Retail Group N.V. was created as a result of a merger between the leading national supermarket chain Perekrestok and one of the largest Russian soft discounter chains Pyaterochka.
  • 2006, Alfa Capital Partners acquired a stake in Russian Fitness Group which controls the largest fitness chain in Russia and CIS (World Class, FizKult, Reebok and MaxiSport).
  • June 2007, Alfa Group increased its voting stake in VimpelCom from 36.3% to 44.0%.
  • 2007, VimpelCom Group signed a joint venture agreement to develop mobile telecommunication services in Vietnam.
  • The end of 2007, Altimo sold its 100% stake in Sky Mobile, Kirghizia's largest GSM mobile operator acquired in mid-2006.
  • 2007, Alfa Capital Partners completed fundraising for its first three funds bringing committed capital to US $701 mln.
  • 2007, A1 sold a 10% stake in Rosvodokanal Group, a leader in water supply and disposal systems in Russia, to Deutsche Bank.
  • 2007, A1 sold a 47% stake in Sybar, a modern beer brewing company in Belorussia, to Heineken N.V.
  • 2007, A1 sold Artel Starateley Amur, top-five gold and second largest platinum producer in Russia to Alliance Group.
  • 2007, A1 created Belmarket the first national network of food supermarkets in Belarus. The project co-investor is International Financial Corporation (IFC).
  • 2007, А1 and Alfa Capital Partners together with partners acquired about 50% of the Independence Group, one of the top five car dealers in Russia.
  • The end of 2007, the holding Eurasia Cinemas B.V was created, which controls Kronverk Cinema, one of the three largest cinema networks in Russia, and AFM cinema chain, a leading cinema chain in Turkey.
  • February 2008, VimpelCom Group completed purchase of 100% of Golden Telecom, Inc.
  • May 2008, X5 Retail Group N.V. successfully raised US $1.03 bln in equity capital in a fully-subscribed rights offering, with Alfa Group taking up its full pro-rata share of the offering.
  • June 2008, a controlling stake in Mezhtorgbank, one of the leading banks in Belarus, was acquired.
  • June 2008, X5 Retail Group N.V. purchased 100% of Karusel, a large chain of hypermarkets operating in Russia giving X5 Retail Group N.V. immediate and significant presence in the fast-developing hypermarket segment of St. Petersburg and Moscow.
  • October 2008, VimpelCom Group completed purchase of 49.9% of Euroset, Russia's largest mobile handset retail chain.
  • November 2008, Alfa-Bank Russia purchased a controlling stake in Severnaya Kazna, a distressed regional bank operating in the Urals region of Russia.
  • 2008, А1 acquired a large stake in Systematica Group of Companies which is a leading provider of IT solutions and among top 10 system integrators in the Russian market.
  • 2008, A1 sold 25% stake in joint venture Diageo Distribution with Diageo to Diageo.
  • April 2009, Russian Technologies venture fund was closed.
  • May 2009, VimpelCom Group launched operations in Cambodia under "Beeline" brand via its subsidiary Sotelco Ltd.
  • July 2009, VimpelCom Group launched operations in Vietnam under "Beeline" brand via GTEL-Mobile Joint Stock Company.
  • September 2009, VimpelCom Group signed an agreement for the acquisition of a 78% stake in Millicom Lao Co. Ltd, a mobile telecom operator in Laos.
  • November 2009, Altimo and TeliaSonera announced an agreement to combine their common assets in Turkcell and MegaFon to create a leading emerging markets mobile operator.
  • December 2009, X5 completed acquisition of 100% of Paterson supermarket chain, thus reinforcing its number one position in Russian supermarkets.
  • March 2010, Alfa-Bank Russia placed US $600 mln in Eurobonds. The issue was oversubscribed by five times and was the first Eurobond placement of the privately owned Russian bank after the 2008 financial crisis.
  • April 2010, in connection with Altimo and Telenor ASA's intention to combine VimpelCom Group and Kyivstar GSM assets under a common holding, the exchange offer for OJSC VimpelCom shares and ADRs and СJSC Kyivstar GSM was successfully completed. As a result,  VimpelCom Ltd. was created.
  • June 2010, MegaFon acquired Synterra, the third largest fixed-line operator in terms of backbone network in Russia. This transaction was the first strategically important step towards transforming MegaFon into a universal telecommunications operator.
  • September 2010, X5 Retail Group N.V. refinanced early its 3-year US $1.1 bln syndicated facility with a new 3-year US $800 mln equivalent dual-currency (RUB and US $) club facility. The club facility fully met X5's needs for a diversified debt portfolio and provided good flexibility in managing X5's liquidity and debt maturities.
  • October 2010, TNK-BP acquired various stakes in BP's oil assets in Venezuela and in infrastructure projects and gas assets in Vietnam.
  • November 2010, in accordance with its intention to expand internationally, TNK-BP signed a cooperation agreement with the Vietnamese state corporation PetroVietnam outlining steps for further collaboration to expand TNK-BP's upstream and downstream oil and gas business in Vietnam and to support PetroVietnam in its intention to develop its upstream business in Russia.
  • December 2010, X5 Retail Group N.V. purchased 100% of the business and assets of Kopeyka discount food retail chain which further strengthened X5's number one food retail position in Russia.
  • April 2011, VimpelCom Ltd. merged with Wind Telecom S.p.A. creating the sixth largest mobile telecommunications carrier by subscribers in the world. The combined company operates in 20 countries covering a population of 843 mln persons, with over 181 mln subscribers.
  • June 2011, Alfa Group sold its 25.2% stake in CTC Media, Inc. to a strategic investor.
  • June 2011, Altimo sold a 6% stake in VimpelCom Ltd. to a strategic investor which reduced Altimo's voting stake in VimpelCom Ltd. to just below 25%.
  • June 2011, MegaFon acquired 100% of NetByNet Group allowing it to enter the market of fixed broadband Internet, digital TV and IP-telephony in Moscow and five Russian regions. This transaction represents a further important strategic step in transforming MegaFon into a universal telecommunications operator.
  • June 2011, VimpelCom Ltd. purchased 90% (and remaining 10% under mandatory tender offer in October 2011) of New Telephone Company, a leading mobile operator in the Primorskiy region of Russia providing voice and data services as well as IPTV and IP-telephony.
  • October 2011, TNK-BP signed a farm-in agreement and a joint operating agreement with Brazilian company HRT O&G in which TNK-BP acquired a 45% stake in the Solimoes Basin project in Brazil (21 oil and gas exploration blocks covering 48,500 square kilometers in Amazon's Solimoes basin).
  • November 2011, Rosvodokanal Group signed a .13-year follow-up loan with the EBRD for RUB 1.5 bln (EURO 35 million) to upgrade the services it provides to 5 million clients spread over seven Russian cities and to fund further development projects. Additionally, this EBRD loan will be matched by an additional RUB 1.5 bln Vnesheconombank loan.
  • December 2011, TNK-BP was the first oil company to sign a contract for transportation of hydrocarbons through the Zapolyarye-Purpe pipeline which will connect TNK-BP's fields of the Yamal-Nenets Autonomous Area and the northern Krasnoyarsk region with the East Siberia-Pacific Ocean pipeline. TNK-BP plans to invest up to $10 bln in infrastructure and plans to supply new oil by 2016.
  • In January 2012 TNK-BP commenced offshore drilling operations on the Lan Do field development project, 320 kilometers off the southern coast of Vietnam. The wells will provide gas and condensate for power generation in Vietnam.
  • Starting in February 2012 A1 accumulated a controlling stake in LLC Holding M.Z. (Holding of Machine Building Plants), the holder of CJSC Corporation Splav’s assets, one of the largest manufacturers and suppliers of valves for nuclear engineering and petrochemical plants, in Russia.
  • In April 2012, Altimo sold its entire 25.1% stake in OJSC “MegaFon” to a private investor and to OJSC “MegaFon” for US $5.2 bln.
  • Starting in August 2012 Altimo, through a series of purchases (including a US $3.6 bln purchase from Weather Investments II for an approximate 14.8% voting stake in VimpelCom Ltd.), increased its voting stake in VimpelCom Ltd. to 47.85%.
  • In November 2012 Alfa-Bank (Belarus) agreed to purchase “BELROSBANK” from OJSC JSCB “ROSBANK”. “BELROSBANK” is the 11th largest bank in Belarus in terms of retail credit portfolio.
  • In December 2012 A1 sold its 34.83% stake in Systematica Group of Companies, one of the leading providers of IT-services in Russia.
  • In December 2012 A1 merged its 100% interest in Kronverk Cinema chain with Formula Kino (owned 55.66% by A1 through an earlier purchase). A1 has a combined 75% — 1 share interest in the combined holding which controls the 2nd largest number of movie screens in Russia.
  • In December 2012 VimpelCom Ltd. purchased an additional 0.1% stake in Russia’s largest handset retailer Euroset Holding N.V., thereby taking its ownership interest in Euroset Holding N.V. to 50%.
  • In March 2013 Alfa Group sold its 25% stake in TNK-BP to Rosneft for US $13.86 bln.
  • In June 2013 A1 provided financing in the amount of US $100 mln to ROUST Trading Limited (“RTL”), a holding company of the Russian Standard Corporation, for the financial and operational restructuring of the Central European Distribution Corporation (“CEDC”), one of the world's largest vodka producers.
  • In June 2013 Alfa-Bank Belarus merged with “Belrosbank”, at the time, the 11th largest bank in Belarus in terms of credit portfolio
  • In June 2013 Alfa Group’s shareholders established LetterOne Holdings S.A., a new Luxembourg based investment vehicle which was seeded with US $15.36 bln. The vehicle will invest initially into oil & gas and telecommunications opportunities but has an unrestricted mandate allowing investment across virtually all geographies and industry segments.
  • In October 2013 Alfa Group transferred its 13.2% effective interest in Turkcell to LetterOne Holdings S.A.
  • In December 2013 Alfa Group transferred its stake in Altimo Holdings & Investments Ltd. to LetterOne Holdings S.A.
  • In October 2014 X5 Retail Group acquired 100% stake in LLC “Agrotorg-Samara” to get a control over Pokupochka, a chain of convenience stores in Samara and Samara region.
  • In October 2014 Alfa-Bank Russia acquired over 88% shares of PJSC “Baltiyskiy Bank”.
  • In the beginning of 2015 Alfa Capital Partners was closed.
  • In April 2015 X5 Retail Group acquired 100% stake in Spar-Retail chain, which operated 26 stores under the Spar brand, for further rebranding as Perekrestok and Pyaterochka stores.
  • In May 2015 Alfa Asset Management (Europe) S.A. was founded in Luxembourg.
  • In July 2015 Alfa-Bank (Belarus) received US $30 mln and EURO 4 mln syndicated loan.
  • In July 2015 X5 Retail Group acquired 100 stores owned by SoseDDushka retail chain in Orenburg and the Orenburg region for further rebranding as Pyaterochka and Perekrestok stores.
  • Since July 2015  Alfa-Bank (Russia) is listed by the Central Bank of the Russian Federation among the banks, having significant importance to the banking system of Russia.
  • In August 2015 X5 Retail Group acquired 104 stores owned by the Rosinka Group of companies for further rebranding as Pyaterochka and Perekrestok stores.
  • In August 2015 Alfa-Capital Management Company LLC acquired eight mutual investment funds owned by Interfin CAPITAL.
  • In September 2015 X5 Retail Group signed a RUR 24 bln long-term unsecured loan facility agreement with VTB bank with tranches maturing in up to 3 years.
  • Since September 2015 companies of AlfaStrakhovanie Group (OJSC “AlfaStrakhovanie” and LLC “AlfaStrakhovanie-Life”) are listed by the Central Bank of the Russian Federation among the insurance companies, having significant importance to the insurance  system of Russia.
  • In October 2015 Alfa-Bank (Russia) has successfully placed rouble bond issue in the amount of RUR 10 bln.
  • In October 2015 Alfa-Bank (Russia) increased its stake in PJSC “Baltiyskiy Bank” up to 100%.
  • In November 2015 Alfa-Bank (Russia) has successfully placed a US $500 mln 3-year Eurobond issue with the lowest coupon rate in the history of Russian private banks.
  • In November 2015 Alfa-Bank (Russia) and LLC “RVK-Voronezh” have signed non-revolving credit facility agreement in the amount of RUR 1.2 bln for financing of RVK-Voronezh’s modernization of water facilities.
  • In December 2015 ABH Ukraine Limited, holding company which owns 100% stake in Alfa-Bank (Ukraine), has successfully placed bond issue in the amount of US $50 mln  with an interest rate of 10% per annum and maturing on 30 November 2016.
  • In December 2015 ABH Ukraine Limited, holding company which owns 100% stake in Alfa-Bank (Ukraine), increased share capital of Alfa-Bank (Ukraine) by UAH 3.1 bln.
  • In February 2016 A1 has acquired stake in LLC "Eurodon", the leading company of the Russian turkey meat industry. Later on A1 sold its stake in LLC “Eurodon” to the VEB group of companies.
  • In March 2016 Х5 Retail Group has successfully placed bond issue in the amount of RUR 5 bln with a coupon rate of 10.9% per annum and a put option after 2.5 years.
  • In April-October 2016 ABH Ukraine Limited, holding company which owns 100% of Alfa-Bank (Ukraine), has successfully made a number of Eurobonds issues totaling US $150 mln with an interest rate of 9% per annum and EURO 30 mln with an interest rate 7.5% per annum. Tenor of issues was 24-26 months.
  • In May 2016 A1 announced receiving control over 50% stake in APG Polyplastic, which owns 96.5% stake in POLYPLASTIC Group.
  • In May 2016 Х5 Retail Group has successfully placed bond issue in the amount of RUR 5 bln with a coupon rate of 10.5% per annum and a put option after 1.5 years.
  • In July 2016 shareholders of  Rosvodokanal Group (RVK) increased share capital of RVK by RUR 1 bln.
  • In August 2016 Х5 Retail Group has successfully placed bond issue in the amount of RUR 5 bln with an interest rate of 9.75% per annum and a put option after 2.5 years.
  • In September 2016 Х5 Retail Group has successfully placed bond issue in the amount of RUR 15 bln with an interest rate of 9.45% per annum and a put option after 3 years.
  • In October 2016 ABH Holdings S.A. and UniCredit Group announced the closing of the deal to transfer 99.9% of shares in Public Joint Stock Company “Ukrsotsbank” (UCG asset in Ukraine) in exchange for a minority 9.9% stake in ABHH.
  • In October-December 2016 Alfa-Bank (Russia) successfully closed a US $700 mln Eurobond issue, the first-ever public issue of perpetual Eurobond, which is fully compliant with the Basel-III requirements. This deal is unique for the Russian market. Since Basel III introduction in Russia, no one had publicly issued perpetual Eurobonds. First call option is after 5.25 years, and coupon rate was fixed at 8.00% per annum for the first 5.25 years (to be paid quarterly).
  • In November 2016 ABH Ukraine Limited, holding company which owns 100% stake in Alfa-Bank (Ukraine), has successfully repaid a US $50 mln Eurobond issued in December 2015.
  • In January 2017 ABH Ukraine Limited, holding company which owns 100% stake in Alfa-Bank (Ukraine), increased authorised capital of Alfa-Bank (Ukraine) by UAH 4.7 bln.
  • In February 2017 ABH Ukraine Limited, holding company which owns 100% stake in Alfa-Bank (Ukraine), has successfully issued a US $50 mln Eurobond.
  • In February 2017 Alfa-Bank (Russia) successfully closed RUR 10 bln Eurobond issue maturing in 5 years.
  • In February 2017 the international rating agency S&P Global Ratings revised the outlook on Alfa-Bank (Russia) to «Positive» from «Stable» and affirmed long-term counterparty credit rating at «BB». According to the agency, despite the ongoing economic problems besetting the Russian economy Alfa-Bank (Russia) maintained high credit quality of assets over the past few years and strengthened capitalization.
  • In February 2017 IDS Borjomi Russia acquired the company «Chystaya Voda» (Noringa brand) to enhance its presence in the Siberian and Ural federal districts. The company’s key production facilities are in Novosibirsk Region.
  • In March 2017 ABH Financial Limited (holding company of Alfa-Bank (Russia)) issued Eurobonds in the amount of EUR 400 mln maturing in 2020 with a
    2.626% coupon.
  • In April 2017 X5 Finance B.V., a 100% subsidiary of X5 Retail Group N.V., issued its debut RUB 20 bln Eurobonds due April 2020 with a coupon of 9.25% payable semi-annually.
  • In May 2017 Alfa-Bank placed structural bonds in the amount of RUR 2.147 bln maturing in 3 years with a 5% coupon. Additional income on bonds is linked to NXSRUFA index growth.
  • In May 2017 X5 Retail Group issued 001P-02 series exchange-listed corporate bonds in the total amount of RUB 10 bln with a coupon rate of 8.45% and a 3.5-year put option.
  • In August 2017 Expert RA Rating Agency assigned Alfa-Bank (Russia) «ruAA» national-scale credit rating with stable outlook.