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10.03.2010   General news

Professionals from A1 work with non-core assets of Alfa-Bank

Источник: Vedomosti

Alfa-bank’s Eurobond prospectus announces that within the consortium it has set up Alfa Distressed Assets (ADA).

The objectives of ADA are the accumulation and management of non-core assets. These assets were obtained as a result of the re-structuring of problem loans initially issued by the Alfa-bank group and later sold to ADA at a fair value. ADA’s assets are being managed by a “professional asset manager” – A1 Group, which also is a member of the Alfa Group consortium.