“Group “PIC” sold the business of operating the real estate for 3.5 billion rubles

– “PIK group of companies” in December 2017 sold the company included in the segment “Maintenance and operation”, says the report “Peak” under IFRS.

The company explains it “a strategic decision to focus on developing its core competencies in the field of development and construction.”

The amount of the transaction amounted to 3.5 billion rubles, the company said.

“PIK group of companies” is one of the leading Russian public developers of large-scale residential projects in Moscow, Moscow region and regions of Russia. The controlling shareholder of “Peak” is Sergey Gordeev.

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