JSC Real Estate Assets will make an offer to PIK shareholders

JSC Real Estate Assets has submitted for approval to the Bank of Russia a proposal to acquire 99,838,774 shares of PIK. Direction of the offer is mandatory for the company, and the redeemable shares amount to about 15% of the authorized capital of PIK. Consequently, Real Estate Assets JSC, together with its affiliated companies, owns about 85% of the developer's shares.