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Alfa Group Shareholders Transfer Annual Profit of A1 for Fighting Coronavirus

March 24, 2020. TAG: Investment

In accordance with the decision of the shareholders of Alfa Group Consortium supported by the management of the A1 investment company, the A1 annual profit in the amount of RUB 1 bln will be transferred at the disposal of the Emergency Response Centre for Fighting Coronavirus. The funds are planned to be committed to the emergency measures which the Government of the Russian Federation takes to support those who desperately need help.

A1

A1 is one of the leading investment businesses in Russia and the CIS. It focuses on investments in companies facing financial difficulties and engaged in corporate conflicts. Alfa-Bank (Russia), TNK, VimpelCom, Perekrestok (part of X5 Retail Group) and Rosvodokanal Group were originally A1 projects that later became strategic businesses for Alfa Group as well as core companies for the wider Russian economy.