Having made its first loss in 25 years and its all-time record loss, Gazprom is starting to sell off its property.
On Wednesday, the company announced (https://t.me/gazprom/1547) that it was looking for buyers for large real estate properties in Moscow and the Moscow region. Among them are office buildings on Stroiteley Street, the Imperial Park Hotel & Spa resort complex in Pervomayskoye settlement, Rogozino village, non-residential premises on the first floor of a house on Novocheremushkinskaya Street, as well as a 96-space parking lot near the company’s headquarters in Moscow.
The decision was made “taking into account the completion of the relocation of Gazprom Group companies to St. Petersburg,” the company’s press service explained.
Last year Gazprom made a net loss of 629 billion rubles under IFRS, reported a 27% drop in revenue and a halving of EBITDA. The gas business of the company, which operates the largest reserves on the planet, became unprofitable (by 1.2 trillion rubles for the year), and Gazprom’s debt reached a record 6.65 trillion rubles, exceeding the size of the liquid part of the National Welfare Fund (5 trillion rubles).
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