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Setl Group Becomes one of the Top 200 Russia's Major Private Companies according to Forbes

2017 october 10

The Setl Group holding company rose by 24 positions at once for the year in the rating of the 200 major private companies in Russia published on the Forbes website. The companies were ranked by the revenue gained in 2016. In 2016, Setl Group's revenue amounted to 61.3 billion rubles, which was 16.1 billion rubles more than in 2015. It is to be recalled that last year the holding company also outscored all its competitors in terms of residential real estate commissioning not only in St. Petersburg and Leningrad region, but also in Russia as a whole, having commissioned almost 1 million sq. m of housing under construction. In terms of current construction volumes, the company has been consistently among the top three leaders of Russia. In 2017, Setl Group opened its representative office in Moscow and entered the public borrowing market. On October 5, Setl Group announced the assignment of an identification number to the approved exchange-traded bonds program on the Moscow Stock Exchange. The funds to be borrowed are expected to be spent for the development of the targeted program and for loan portfolio optimization.

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Companies of Setl Group holding