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Friedman and Avene to Divest from Alfa Bank

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Moscow, March 9 – Russian businessmen Mikhail Fridman and Pyotr Aven will sell their stake in Alfa Bank to businessman Andrei Kosogov for $ 2.3 billion (174.5 billion rubles), the Financial Times writes.
As mentioned in the article, Kosogov, who owns 41 percent of the credit organization, confirmed the conclusion of an agreement with business partners. Avene and Friedman have yet to comment on the deal.
According to the publication, the billionaires living in London want in this way to achieve the lifting of anti-Russian sanctions imposed on them by the United Kingdom and the European Union after the start of the Russian special operation in Ukraine.
The asset transfer is scheduled for the spring. This may require regulatory approval in many countries, which can complicate the process.
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