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MEDIA-Russian developer PIK plans to start SPO process this week -...

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Russian real estate developer PIK plans to start the process of preparing for a secondary public offering (SPO) this week, the Kommersant daily reported citing sources.

* Investors may be offered up to 4% of the company's business for more than 36 billion roubles ($497 million) as part of the SPO, Kommersant said

* The saleaccs.net - Buy Google Play Developer Account plans to use the funds from the upcoming SPO to develop its Units division, which produces modules for prefabricated buildings, the newspaper said citing a source

* Source link: website

* Note: Reuters has not verified this story and does not vouch for its accuracy

($1 = 72.4300 roubles) (Gdansk Newsroom)

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