PIK Group owner, CEO says SPO possible in foreseeable future

MOSCOW, Mar 22 (PRIME) -- Russia’s largest real estate developer PIK Group does not rule out floating shares in a secondary public offering (SPO) in the foreseeable future, CEO and the company’s core owner Sergei Gordeyev said in an online conference on Monday.

Investors are very interested in PIK’s shares. “We receive many requests from investors, there is consistent demand for our shares. We are generally positive toward that idea, we are considering this possibility, and we think that it is possible in the foreseeable future,” he said.

Vice President for Capital Markets and Corporate Finance Yury Ilyun said that PIK Group was considering different options of boosting liquidity.

“It is obvious that one of the goals of such a project if it is launched is not only to boost liquidity, but to land in the MSCI Index. Capitalization that the company makes it more than real,” he said.

Gordeyev own 59% in PIK Group, while VTB Bank owns 23%, Promsvyazbank 7%, while the rest is in free float.

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