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    LetterOne Holdings SA

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    • 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 Premium content

      A drawn-out court case could damp investor appetite for the Russian’s energy business

    • 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
    • Wednesday, 20 March, 2019
      Distribuidora Internacional de Alimentacion SA
      Investor support for Dia rescue paves way for Fridman buyout

      Shareholders in Spanish grocer vote in favour of LetterOne’s €500m capital injection

      FILE PHOTO: A woman looks at food items inside a store of Spanish discount grocer DIA , December 16, 2014. REUTERS/Sergio Perez/File Photo
    • Thursday, 21 February, 2019
      Retail sector
      LetterOne steps up criticism of Dia turnround plan

      Mikhail Fridman group urges grocer to give investors chance to vote on proposal

      FILE PHOTO: A woman looks at food items inside a store of Spanish discount grocer DIA , December 16, 2014.  REUTERS/Sergio Perez/File Photo
    • Friday, 8 February, 2019
      News in-depthWeek in Review
      Mikhail Fridman seeks to replicate Russian success with Dia buyout

      Oligarch says shift west is born of a desire to prove himself again

      FILE PHOTO: Mikhail Fridman, Chairman of Supervisory Board of Alfa Group Consortium and Member of Supervisory Board of ?5 Retail Group, attends a ceremony as ?5 Retail Group starts trading on Moscow Exchange in the city of Moscow, Russia February 1, 2018. REUTERS/Sergei Karpukhin/File Photo
    • Tuesday, 5 February, 2019
      Russian billionaire seeks to buy Spanish supermarket group Dia

      Mikhail Fridman commits to €500m turnround plan ahead of dilutive share issue

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