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the formal sale agreement, in full compliance with international sanctions, which was subsequently signed," the company said. The deal, signed on November 13, is to be approved by Russian authorities. The company estimated its loss in case of the deal approval and sale completion until March 31, 2023 at about $263.54mn.
Nestle Purina PetCare, part of Switzerland's Nestle, has postponed construction of a 10bn ruble pet feed plant in the Novosibirsk Region, Deputy Governor Sergei Semka said on November 2. "Concerning Nestle... an investment project was announced last year. Unfortunately, it was postponed so far," Semka said. The company planned to launch the first production stage in 2023 and the capacity could total 75,000 tonnes of feed per year.
9.2.8 Telecoms corporate news
Amsterdam-based VEON, owner of mobile operator VimpelCom, working under the Beeline brand, may sell its Russian business, the holding company said on November 2 in a statement. “VEON...today announces that it is conducting a competitive sales process in relation to its Russian operations,” the holding said. “VEON’s management is currently exploring options in an effort to ensure that an optimal outcome is achieved for all relevant stakeholders, including VEON, its Russian operations, its shareholders, its creditors, its customers and its employees working both in and outside of Russia.”
Mobile TeleSystems Public Joint Stock Company (MTS), a leading provider of digital and media services and Russia’s largest mobile operator, announces its third-quarter 2022 financial and operating results. In Q3 2022, Consolidated Group Revenue increased 0.8% year-over-year to RUB 137.7 bn, primarily driven by the Company’s Telecom, Fintech, and Media[3] verticals. Group OIBDA amounted to RUB 60.5 bn, supported by growth in all main business-lines. In Q3 2022, Group Net Profit amounted to RUB 12.3 bn.
· Q3 2022 Consolidated Group Revenue increased 0.8% year-over-year to RUB 137.7 bn. Consolidated Group Revenue for 9M 2022 increased 3.0% to RUB 397.4 bn.
· Q3 2022 Group OIBDA amounted to RUB 60.5 bn. Group Adjusted OIBDA[1] for 9M 2022 amounted to RUB 168.7 bn.
· Q3 2022 Group Net Profit[2] amounted to RUB 12.3 bn. Group Net Profit for 9M 2022 reached RUB 27.1 bn.
138 RUSSIA Country Report December 2022 www.intellinews.com