Gazprom may buy a stake in Aurus – Kommersant

PJSC Gazprom (MOEX: GAZP) may buy a stake in Aurus, which produces premium Russian cars, several sources said “Vedomosti”. The timing of the deal is still unknown, but a decision has already been made at the government level, one of the publication’s sources said.

Another noted that the car company needs additional investment to develop its project, which is why the deal will be monetary. A third source claims that the gas company could receive up to 40% of the share of Aurus’s largest shareholder, the state institute FSUE NAMI, subordinate to the Ministry of Industry and Trade.

Vedomosti sent inquiries to the press services of Gazprom, NAMI and Aurus. According to Gazprom, the issue of its participation in the purchase of a Russian automobile company will be discussed at the board of directors, but representatives do not know when and in what manner the discussion will take place.

Gazprom has already worked with Aurus. In 2019, the Ansat Aurus luxury helicopter was introduced, and in 2021, the Aurus Business Jet based on the SSJ100. Later, Gazprom-Tech acquired the Kazan-based Aurus-Aero, which produces flight equipment. In addition, in March of this year, the Ministry of Industry and Trade, Gazprom and the United Shipbuilding Corporation signed an agreement on the construction of a domestic premium class vessel, Aurus-Marin. The design project of the future vessel should be ready no later than the end of 2024.

The latest available financial statements show that Aurus recorded a net loss of RUB 953.6 million for 2021. against a profit of 271.1 million a year earlier, revenue was at the level of 370.1 million rubles.

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Alexandra Goroshilova