22nd Feb 2011 15:34
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN THE UNITED STATES OF AMERICA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 ("PIK" or "the Group")
Debt restructuring finalised
Nomos Bank debt is repaid in full
(LONDON, 23 February 2011) - PIK (LSE: PIK), a leading Russian residential developer, is pleased to announce that it has finalised the restructuring of its debt portfolio.
In late February 2011, PIK has fully repaid the debt to Nomos bank. This agreement means that PIK Group has now restructured all of its outstanding overdue bank loans.
Enquiries:
Investors PIK Group Viktor Szalkay | Tel: +7 495 505 97 33 ext. 1315/1358 |
International media Citigate Dewe Rogerson Tom Baldock Priscilla Garcia | Tel: +44 20 7638 9571 |
Russian media Dmitry Ivliev
| Tel: +7 495 505 97 33 ext. 1010/1028
|
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