VTB Bank (public joint-stock company) (LSE:VTBR) acquired an additional 15.48% stake in PIK Group Public Joint Stock Company (MISX:PIKK) from Sergei Gordeyev for RUB 38.6 billion on July 5, 2019. Post-completion, stake owned by VTB Bank in PIK Group will increased to 23.05% from 7.57% and Sergei Gordeyev stake is decreased to 59.15% from 74.63%.

VTB Bank (public joint-stock company) (LSE:VTBR) completed the acquisition of an additional 15.48% stake in PIK Group Public Joint Stock Company (MISX:PIKK) from Sergei Gordeyev on July 5, 2019.