OREANDA-NEWS. January 19, 2009. VTB is currently negotiating with PIK Group on the possible settlement of the company’s RUB 2.7 billion debt to the bank and its repayment terms, reported the press-centre of VTB.

VTB Bank confirms the information published in the media on filing an action of debt against PIK Group; the parties, however, will continue to seek out-of-court settlement of the dispute.