Media: Russian developer PIK plans to start SPO process this week - Kommersant

SPO Global

28/09/2021 06:49

Russian real estate developer PIK  PIKK.MM  plans to start the
process of preparing for a secondary public offering (SPO) this
week, the Kommersant daily reported citing sources.
    * Investors may be offered up to 4% of the company's
business for
more than 36 billion roubles ($497 million) as part of the SPO,
Kommersant said
    * The developer plans to use the funds from the upcoming SPO
to
develop its Units division, which produces modules for
prefabricated buildings, the newspaper said citing a source
    * Source link: https://bit.ly/3ocoR6m
    * Note: Reuters has not verified this story and does not
vouch for
its accuracy

    ($1 = 72.4300 roubles)

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00))