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EuroProperty: PIK GROUP Company briefing

Aug 04, 2008

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN THE UNITED STATES OF AMERICA


PIK Group raised over $2.2bn through an initial public offering in London and Moscow last summer, valuing it at some $14.1bn. But in June the group, which is Russia's largest housebuilder, postponed a vote on the issuance of new shares because of pricing issues in volatile capital markets. Nethertheless, analysts at investment banks in Moscow and London are united in urging investors to buy PIK Group's shares.

Details - EuroProperty_PIK_Group_040808.pdf

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