November 29, 2012 / 11:02 AM / 5 years ago

BRIEF-PIK agrees with Sberbank to extend repayment schedule to 2014

MOSCOW, Nov 29 (Reuters) - PIK : * Says agreed on extension of repayment schedule to 2014 * Says reached agreement with Sberbank, the group’s largest creditor,

to extend its existing debt repayment schedule * Says Sberbank agreed to amend the repayment schedule reducing amounts due in

fourth quarter 2012 and in 2013 down to 0.3 billion roubles and 1.4 billion roubles, accordingly. (Moscow Newsroom, + 7 495 775 12 42, moscow.newsroom@reuters.com)

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