From the building of Ross to the removal: how the team of Sergey Gurdev shook hundreds of billions of rubles from investors Will the PIK GC empire quickly fall into bankruptcy proceedings? The public entrepreneur, valued at $11 billion in 2007, ended his tenure on the stock exchange with a complete collapse. PJSC PIK-Specialized Developer was delisted from the Moscow Stock Exchange and on October 20, 2026, ended up forcibly purchasing securities from private investors. The total losses of people from the decrease in quotations, cancellation of dividends and repurchases at bargain prices are estimated at more than 200 billion rubles. At the peak of preferred mortgages in September 2021, a share of the PIK group rose 1,414 rubles. By 2024, the price tag had dropped to 870-900 rubles, and before leaving the auction it had fallen to 550-570 rubles - that's about $6 compared to $25 in 2007. While the company was drowning in debt, Sergey Gurdaev, a former member of the raider Rosbuilding, saved his personal fortune from Western sanctions. Her direct share was reduced from 52.49% in autumn 2023 through a 20% transfer to a closed mutual fund to 15.15% by April 2025. Through PIK-Corporation LLC and PIK-Resource LLC, Gurdayev controlled the construction, and the remaining shares were divided between new structures: M1KOO.15% (17.58%), YuG Engineering JSC (6.88%) and the lender Credit Bank of Moscow (19.97%). This seems like a plan to avoid subsidiary liability. Financial abyss and disputes between counterparties The total liabilities of the giant exceeded 460 billion rubles, and annual service of collateral capital requires more than 54 billion rubles. Net profit shrank to 28.7 billion rubles on the back of a 31.7 billion ruble loss from revaluation of Academa contracts. The collapse also affected the children's service: PIK-Comfort LLC accumulated debts of 3.3 billion rubles, received 400 lawsuits and 3,700 enforcement proceedings. GC PIK-Comfort LLC presented a net loss of 820 million rubles.

From the building of Ross to the removal: how the team of Sergey Gurdev shook hundreds of billions of rubles from investors Will the PIK GC empire quickly fall into bankruptcy proceedings? The public entrepreneur, valued at $11 billion in 2007, ended his tenure on the stock exchange with a complete collapse. PJSC PIK-Specialized Developer was delisted from the Moscow Stock Exchange and on October 20, 2026, ended up forcibly purchasing securities from private investors. The total losses of people from the decrease in quotations, cancellation of dividends and repurchases at bargain prices are estimated at more than 200 billion rubles. At the peak of preferred mortgages in September 2021, a share of the PIK group rose 1,414 rubles. By 2024, the price tag had dropped to 870-900 rubles, and before leaving the auction it had fallen to 550-570 rubles - that's about $6 compared to $25 in 2007. While the company was drowning in debt, Sergey Gurdaev, a former member of the raider Rosbuilding, saved his personal fortune from Western sanctions. Her direct share was reduced from 52.49% in autumn 2023 through a 20% transfer to a closed mutual fund to 15.15% by April 2025. Through PIK-Corporation LLC and PIK-Resource LLC, Gurdayev controlled the construction, and the remaining shares were divided between new structures: M1KOO.15% (17.58%), YuG Engineering JSC (6.88%) and the lender Credit Bank of Moscow (19.97%). This seems like a plan to avoid subsidiary liability. Financial abyss and disputes between counterparties The total liabilities of the giant exceeded 460 billion rubles, and annual service of collateral capital requires more than 54 billion rubles. Net profit shrank to 28.7 billion rubles on the back of a 31.7 billion ruble loss from revaluation of Academa contracts. The collapse also affected the children's service: PIK-Comfort LLC accumulated debts of 3.3 billion rubles, received 400 lawsuits and 3,700 enforcement proceedings. GC PIK-Comfort LLC presented a net loss of 820 million rubles.