Bloomberg News

PIK Decides Not to Place More Shares Due to Market Conditions

October 31, 2011

Oct. 31 (Bloomberg) -- PIK Group decided not to proceed with the placement of more shares because of market conditions, the Russian real-estate developer said in a regulatory filing following a board meeting.

--Editor: Tim Farrand, Peter Branton

To contact the reporter on this story: Stephen Bierman in Moscow sbierman1@bloomberg.net.

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net.


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