Sergei Gordeev, who stepped down as CEO of one of Russia’s largest construction corporations, PIK, in the fall of 2022, reduced his stake in the company. If before he had a controlling stake of 52.49%, now, according to data from the Corporate Information Disclosure Center, his stake is 32.49%.
According to a document discovered by the Russian edition of Forbes, the billionaire owns PIK shares indirectly through the Cypriot companies Siridica Limited and Letiosa Holding Limited, the HREF Foundation of Liechtenstein and the local “Ledamen” of Kaliningrad and the capital “Pik+”. .
Forbes estimated the billionaire’s fortune in 2023 at $3.1 billion (Sergei Gordeev ranked 39th in the ranking of Russian oligarchs).
It is also known that the difference in their shares (20%) went to the Central Trust Company joint stock company, which previously did not have PIK shares.
The tendency to sell PIK shares has been observed since 2022, when VTB abandoned its stake (to whom the rights to 12.36% were not transferred).
At the same time, the developer remains one of the country’s leaders: third place in the Forbes ranking of trustworthiness of Russian developers, revenue of 431 billion rubles in 2021 and 325.2 billion rubles in 2022. Despite of the decline, this is still comparable to the total revenues of 10 other major companies in the construction market.
Author:
Ekaterina Alipova
Source: RB
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