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LetterOne Holdings SA

  • Monday, 8 July, 2024
    LetterOne claims sanctions on founders pushing capital away from the west

    Chair Mervyn Davies urges governments to review policies which are limiting investment group’s ability to do business

    Mervyn Davies, chair of LetterOne
  • Friday, 12 April, 2024
    Firm founded by Russian oligarchs to buy London building for £100mn

    Deal by LetterOne comes after court victory for Mikhail Fridman and Petr Aven as they challenge EU sanctions

    Mayfair property 20 Grafton Street
  • Monday, 30 October, 2023
    Russian business & finance
    Russian oligarch Alexei Kuzmichev held by French police

    Sanctions-hit billionaire’s properties in Paris and southern France searched

    Alexei Kuzmichev
  • Tuesday, 24 October, 2023
    Brandon Lewis
    Former Tory chair to advise company founded by sanctions-hit Russians

    Brandon Lewis appointed to LetterOne, which is part-owned by oligarchs Mikhail Fridman and Petr Aven

    Sir Brandon Lewis
  • Wednesday, 6 September, 2023
    Telecoms
    Virgin Media O2 buys Russian-backed broadband provider

    Investment company LetterOne was forced to sell the business on national security grounds

    A Upp boradband worker climbs a poll
  • Tuesday, 13 June, 2023
    The FT ViewThe editorial board
    An eyebrow-raising payout at LetterOne

    Governments should consider appointing trustees of assets frozen by sanctions

    Lord Mervyn Davies was paid $40mn over the past two years, although $22mn of this was approved by pre-sanctioned shareholders for 2021
  • Friday, 9 June, 2023
    LetterOne chair Mervyn Davies receives bumper payout after Russian oligarchs’ exit

    City grandee received total of $40mn last year after Russian billionaire shareholders were targeted by UK sanctions

    Mervyn Davies
  • Friday, 7 April, 2023
    LetterOne challenges UK national security sale of broadband provider Upp

    Group backed by sanctions-hit Russian oligarchs seeks to reverse forced divestiture

    Someone holding a mobile phone
  • Tuesday, 20 December, 2022
    UK politics
    UK cites security risk as it orders sale of Russian-backed broadband provider

    Government also blocks proposed tech acquisition by a Chinese semiconductor company

    From left: German Khan, Petr Aven and Mikhail Fridman, London skyline
  • Friday, 9 December, 2022
    ‘Look, we’re not sanctioned’: how Holland & Barrett owner cut ties with Russian investors

    LetterOne’s chair Mervyn Davies appoints new board as it finalises separation from oligarchs

    Mervyn Davies
  • Thursday, 7 July, 2022
    Russian oligarch-backed LetterOne sues PE firm that manages its billions

    Lawsuit against Pamplona reveals depth of dispute between groups after Ukraine war complicates ties

    Montage of City of London skyline and LetterOne shareholders German Khan, Petr Aven and Mikhail Fridman
  • Thursday, 31 March, 2022
    Holland & Barrett Holdings Ltd
    Holland & Barrett makes delayed loan payment after sanctions assurances

    Interest on €415mn loan had been held up over regulatory concerns from HSBC

    A Holland & Barrett store in Chichester, West Sussex
  • Friday, 25 March, 2022
    Goldman and Kirkland & Ellis halt new business with oligarch-linked firm

    At least four-fifths of Pamplona Capital Management’s funds come from Mikhail Fridman’s LetterOne

    Mikhail Fridman
  • Friday, 25 March, 2022
    Due Diligence
    The private equity firm rattled by sanctions on Russian oligarchs Premium content

    Plus, Toshiba shareholders divided at an extraordinary shareholder meeting and Everton FC’s oligarch-linked owner puts up a real estate listing

  • Thursday, 24 March, 2022
    Holland & Barrett Holdings Ltd
    Holland & Barrett struggles to pay interest on €415mn loan

    Russian-linked owner LetterOne remains confident payment will be made despite processing issues

    A man walks by a Holland & Barrett store in London
  • Tuesday, 15 March, 2022
    Holland & Barrett’s owner escapes sanctions despite Russian links

    Banks review credit lines with Mikhail Fridman’s LetterOne, which could still affect operations

    A branch of Holland and Barrett in London
  • Friday, 4 March, 2022
    News in-depthMikhail Fridman
    Mikhail Fridman and Petr Aven: oligarchs caught between Putin and the west

    Russian tycoons parted from European business empire have strong ties to UK establishment

    Montage of Petr Aven, Mikhail Fridman and London skyline
  • Wednesday, 2 March, 2022
    Mikhail Fridman
    Mikhail Fridman loses control of LetterOne after sanctions

    Russian tycoon and fellow billionaire Petr Aven agree to have stakes in London-based investment group ‘frozen’

    Mikhail Fridman, left, and Petr Aven
  • Monday, 31 January, 2022
    Mikhail Fridman’s LetterOne to block BASF over Wintershall IPO

    Investment group says float of $20bn company not desirable in short-term

    Mikhail Fridman
  • Saturday, 6 November, 2021
    InterviewEnergy crisis
    Russian tycoon Mikhail Fridman warns rapid switch from gas is ‘irresponsible’

    Billionaire to invest more in renewable energy but says transition will be ‘very challenging process’

    Mikhail Fridman
  • Wednesday, 2 June, 2021
    UK Broadband
    LetterOne backs £1bn UK broadband plan to compete with BT

    Russian billionaire Mikhail Fridman’s group to finance fibre network rollout to 1m premises in eastern England

    Russian businessman Mikhail Fridman
  • Thursday, 10 October, 2019
    Lex
    Fridman/LetterOne: for the love of Mike
  • Monday, 7 October, 2019
    Mikhail Fridman
    Mikhail Fridman faces quizzing on Spanish corporate ‘raid’

    Russian billionaire accused of using ‘economic siege’ to drive down price of takeover target

    Russian businessman, co-founder of Alfa-Group Mikhail Fridman attends a conference of the Israeli foundation Keren Hayesod in Moscow, Russia, September 17, 2019. Pavel Golovkin/Pool via REUTERS
  • Tuesday, 21 May, 2019
    Ana Botín’s comments on Dia prompt regulator’s scrutiny

    Spanish market watchdog to ‘study’ comments over supermarket chain’s debt

    Ana Botin, chairman of Banco Santander SA, gestures while speaking in an interview during an Equality Summit at Bloomberg's European headquarters in London, U.K., on Thursday, May 16, 2019. Gender pay reporting requirements rolled out in the U.K. in 2018 revealed that at most organizations, women earn a lot less than men at most organizations -- largely because they struggle to climb the corporate ladder. Photographer: Mary Turner/Bloomberg
  • Monday, 20 May, 2019
    Distribuidora Internacional de Alimentacion SA
    LetterOne and Santander reach agreement over Dia debt

    Mikhail Fridman’s holding company says it is working to secure Spanish retailer’s financial stability

    FILE PHOTO: A woman looks at food items inside a store of Spanish discount grocer DIA , December 16, 2014.  REUTERS/Sergio Perez/File Photo
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