Source: Minority owner of PIK Group sells 2% in company
MOSCOW, Oct 10 (PRIME) -- Firlibia Holdings, a minority shareholder of Russian real estate developer PIK Group, whose beneficiary is Mark Rhodes, is selling about 13 million shares in the developer, or an about 2% stake, on the secondary market through an accelerated bookbuilding, a financial source told PRIME late on Wednesday.
The placement price guidance was defined as the market price. PIK GroupТs shares lost 2.53% to 385 rubles per paper on Wednesday on the Moscow Exchange, valuing the stake at U.S. $77 million.
J.P. Morgan, VTB Capital, and Gazprombank act as the organizers.
(65.0976 rubles Ц U.S. $1)