Nomos-Bank buys PIK's $262m loan

By A staff reporter 2009-11-30T00:00:00

London-listed Russian residential developer PIK has announced that Russian bank Nomos-Bank has bought its $262 mln (EUR 174 mln) loan from Vneshekonombank (VEB). PIK and Nomos-Bank said they plan to finalise restructuring terms by 15 January.

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