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PIK Group

December 9, 2013

PIK Group pays down RUB 2.9 bn loan with VTB Bank

Moscow, 9 December 2013- PIK Group (LSE: PIK), one of Russiaís leading residential real estate developers, announces that it has paid down a RUB 2.9 billion loan from VTB Bank. The repayment of the loan was made in line with the Groupís debt reduction and optimization strategy. The loan was initially received in 2009 and was repaid ahead of schedule.

 

 

 

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