VEB is looking for a warm place in another's stock

Igor Shuvalov Corporation intends to increase its presence in the failed project of Rosagromarket.
VEB is discussing an increase from 5% to 30% of its stake in the holding company Rosagromarket, which is creating wholesale distribution centers throughout the country (ORC). The expansion of the state bank's participation may be due to the lack of funds from the former top managers of Alfa Group, who founded the project. Earlier they planned to invest up to 300 billion rubles in it.

The fact that VEB can get 25-30% of the holding "Rosagromarket", told the source of "K" in the real estate market. Such a deal is being discussed, Kommersant's source in financial circles confirmed. Now, through the NVI, VEB controls 5% of OOO Rusagromarket-Holding. Its main owners are Vladimir Tatarchuk, Chairman of the Board of Directors of Proxima Capital Group (PCG) and PCG Managing Partners Vladimir Ermoshin and Maxim Kravchenko. In equal shares belongs to Proxima Investments (CY) Ltd, which through Cyprus Straightline Holding Ltd owns 94% of Rusagromarket-Holding. Another 1% of LLC "UK" Ermak "» Mr. Yermoshin. Earlier Tatarchuk and Kravchenko were top managers of Alfa Group.

"Rosagromarket" creates the same network of ORC. In the spring of 2018 construction of the first stage of the object in Novosibirsk with the area of ​​105 thousand square meters began. m with an investment of 8.2 billion rubles. The following ORTs with similar parameters are planned to be built in Kazan and Rostov-on-Don. Until 2030, Rosagromarket together with partners (in the project, in addition to VEB, the French company FM Logistic and the Spanish Mercas network are participating), it is necessary to launch ten federal ORCs in the largest cities and 30 centers of regional importance. In May, Bogdan Grigoriev, general director of Rosagromarket, estimated investments in the creation of an ORC network of 250-300 billion rubles.

In the "Rosagromarket" and PCG re-addressed questions in VEB. They only said that they plan to actively participate in the creation of the federal network of the ORC. "It's too early to talk about the specific parameters of possible deals," the bank's representative added.

A source in Kommersant believes that an increase in VEB's share in the actual project company may be due to a lack of initial capital from the founders of Rosagromarket. "Such an opportunity could be provided for by initial agreements with the bank," he said. According to Viktor Dima, senior analyst at Aton, VEB's stake in Rosagromarket may not directly affect the structure of the project's financing: theoretically, the bank can provide 80% of the funds in the form of a loan. At the same time, the blocking package will provide the bank with at least a representative office in the board of directors of Rosagromarket and the right to participate in the strategic management of the company, he adds.

Now in Moscow and the Moscow region, unlike other regions, has already been introduced about 500 thousand square meters. m ORC, calculated the managing partner of Colliers International, Nikolai Kazansky. The largest object, according to him, "Food City" area of ​​more than 300 thousand square meters. m (belongs to the "Kiev Square" of the Year of Nisanov and Zara Iliev). Such complexes are in demand with suppliers of products and distributors, Mr. Kazansky says. He estimates the average level of the rate in the ORC at 9 thousand rubles. for 1 square. m, including VAT and operating costs.

Executive Director of Rusprodsoyuz Dmitry Vostrikov confirms that Russian producers have a shortage of modern capacities for storing fresh products. He estimates their deficit at 2.5 million tons. The capacity of the Novosibirsk center "Rosagromarket" - 85 thousand tons of one-time storage, said Bogdan Grigoriev. Thus, the capacity of 10 ORCs of comparable scale can be estimated at 850 thousand tons. Head of the Center for Economic Forecasting of Gazprombank, Daria Snitko, believes that retailers of this format may also be interested in retailers interested in outsourcing services for primary processing, packaging and storage of products, especially in the fresh category. The development of the ORC will reduce the cost of logistics on average in the market, which will help companies with a deficit in their warehouses, the Association of Retail Companies notes.