Page 161 - RusRPTMar23

and Danish waters and left only one functioning pipeline out of four for Russian gas exports. The other shareholders of Nord Stream AG include Russian gas giant Gazprom with a 51% stake, while N.V. Nederlandse Gasunie and Engie own 9% each.
9.2.2 Automotive corporate news
Russia’s largest producer of trucks Kamaz expects the non-core division of car production to add 350 billion rubles to the company’s revenue until 2030, the company’s corporate magazine Vesti Kamaza reported on Monday quoting CEO Sergei Kogogin.
The revenue of KAMAZ PJSC according to RAS in 2022 increased by 6.9%, to 267.279 billion rubles, the company's CEO Sergey Kogogin said at a meeting of the city council of Naberezhnye Chelny on February 24.
9.2.4 Construction & Real estate corporate news
The largest owner of retail real estate in Russia, the Ingka group, is looking for a buyer for all 14 of its Mega shopping centres and plots for the construction of new ones, RBC learned. Negotiations are in the initial stage, but there are at least two applicants, several sources in the market told the publication. The company does not comment on market rumors. At stake is about 2mn square metres. m of space is almost the same as that of the other two companies in the top 3 sectors - Tashir by Samvel Karapetyan and Adamant by Vladimir Golubev - combined. For the Russian market, this is an unprecedentedly large asset - the publication's experts call a fair price of $5bn, and taking into account income (according to Forbes, $350mn in 2021) - even $10bn. The traffic of Mega centres fell sharply after the closure of IKEA and even more with the departure of Western brands, which accounted for an abnormally high share of tenants - up to 50%. The asset nevertheless remains of high quality and promising. It is realistic to sell shopping centres for $2– 2.5bn, experts say: “unfriendly” companies are now not allowed out of Russia without a 50% discount to the price of the asset, not counting a 10% contribution to the budget or payment by installments. But this is still a lot, and the centres will most likely have to be put up for sale separately in the regions.
9.2.5 Retail corporate news
• Magnit
The network of retail stores " Magnit " launched the work of "hard" discounters in test mode. This was reported in the press service of the company. Stores will operate under the B1 or First Choice brand. The first
161 RUSSIA Country Report March 2023 www.intellinews.com