Mikhail Fridman and Pyotr Aven are reportedly divesting from Alfa-Bank to escape sanctions Businessmen Mikhail Fridman and Pyotr Aven are set to sell their stakes in Alfa-Bank, Russia’s largest private lender, the Financial Times reported on Thursday, citing people close to the discussions. According to the report, Fridman and Aven currently own 45% of the bank via a Luxembourg-based holding company that controls the lender’s Cyprus-based parent company ABH Financial Limited. Their shares will reportedly be sold to Alfa-Bank’s third co-owner, Andrei Kosogov, for 178 billion rubles ($2.3 billion). Kosogov, who alre
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