Bank of Russia has blocked the offer of JSC Real Estate Assets

Bank of Russia considered the offer of JSC Immovable Assets for the purchase of PIK shares to be inconsistent with the law. Regulator did not specify exactly what the discrepancy was. JSC Real Estate Assets sent a mandatory offer to purchase 99.83 million shares of the developer for approval to the Bank of Russia on February 11, 2026. Beneficiaries of the company are not disclosed.