The story
Pervaya Ipotechnaya Kompaniya (PIK), subsequently renamed "PIK", was founded in 1994 by Yuri Zhukov and Kirill Pisarev.
In 2001, to expand its real estate development activities, PIK acquired Housebuilding Combine No.2 (DSK-2). DSK-2 is the third-largest housebuilding enterprise in Moscow, delivering over 4.8 million square feet (450,000 square meters) of residential floor space annually. It specializes in building multi-story industrial (panel) residential buildings of the KOPE (3D design element) series. The combination performs the full range of residential panel construction operations, including the manufacture of external and internal reinforced concrete structures, façade solutions, window units, and other elements of residential buildings.
In 2005, PIK bought from Inteco another major Moscow housebuilding combine — DSK-3, with a capacity of 5.4 million square feet (500 thousand square meters), thereby establishing an in-house large-panel construction capacity of up to 10.8 million square feet (1 million square meters) of housing per year and becoming a leading player on the Russian residential panel housing market.
In 2006, PIK acquired the Stroyinvestregion company and began to expand its real estate development activities across Russia, with projects in cities such as Kaliningrad, Yaroslavl, Kaluga, Obninsk, Nizhny Novgorod, Taganrog, Novorossiysk, Perm and Omsk.
In 2007, PIK bought Reinforced Concrete Structures Combine No.480, located in the town of Aleksin, Tula Region.
In late May 2007, PIK held an IPO in which its shareholders sold 15% of the company for $1.85 bn, giving the company a capitalization of $12.3 bn. In 2013, the company carried out an additional share placement and its shares traded on the London Stock Exchange and the Moscow Interbank Exchange. In June 2017, PIK delisted from the London Stock Exchange and consolidated its share trading on the Moscow Exchange.
In 2013, an integrated production company called PIK-Industriya AO was created on the basis of DSK-2, DSK-3 and PIK-Avtotrans.
In 2014, the CEO and almost the entire management team were replaced.
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In mid-2016, it was announced that PIK was to purchase the Morton Group, one of the biggest real estate developers in Russia. The value of the deal was not disclosed.
From Wikipedia’s article on PIK Group, shared under CC BY-SA 4.0.4