PIK May Seek $500 Million in New Share Sale, Vedomosti Reports
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PIK Group, the Russian property developer partly owned by billionaire Suleiman Kerimov, may seek to raise as much as $500 million selling new shares this year, Vedomosti reported, citing two unidentified people familiar with the matter.
Banks including VTB Capital will organize the London sale for Moscow-based PIK, the newspaper said.