Internationalization:

Country	CIS countries
Year of entry	2005
Industry/ business area	Construction
Entry mode	FDI Greenfield
Motives	Close neighbors Cheap labor
Firm specific advantages used on the foreign market	Personal connections Understanding of how to do business (similar to Russia)
First mover or follower	No data
Type of state involvement in the process of internationalization	State did not participate directly Although CEO has personal connections with many politicians in Russia and CIS
Evaluation of the success of the internationalization	No particular data

PIK-Group

PIK Group is the largest real estate and homebuilder company in Russia.

The company and its subsidiaries is principally engaged in the residential construction industry. Its activities comprise construction and development of residential real estate projects and sales of completed units, including service and maintenance of residential real estate developed by the Company itself and by other developers; production and assembly of concrete panel housing in Moscow and the Moscow Region, as well as production and sales of construction materials. The Company operates through numerous subsidiaries and four affiliated companies located in Moscow and the Moscow Region, Rostov, Kirov, Kaluga, Tula, Nizhny Novgorod, Kaliningrad.

In year 2007, the group held an IPO, during which its shareholders sold 15% stake in the company for $ 1.85 billion. The capitalization after the IPO was $12.3 billion. Nevertheless in two years it decreased by more than 40 times. Currently the company is listed in the Russian stock Exchanges of RTS and MICEX and in London Stock Exchange.

The main shareholders of the PIK-Group in February 2011 - the structure of Suleiman Kerimov (38.3%), the company's founders Kirill Pisarev and Yuri Zhukov (with 22.5%). President – Pavel Poselenov.

In year 2005 the PIK-Group acquired the “Inteko” concrete business for $800 million. In March 2006 the biggest region construction company “StroyInvestRegion” was acquired. There are no information about company’s international activities and all the development takes place within Russia.

Internationalization:

Country	Ukraine and CIS countries
Year of entry	2008
Industry/ business area	Construction and development
Entry mode	FDI Greenfield
Motives	Close neighbors Cheap labor
Firm specific advantages used on the foreign market	Personal connections Understanding of how to do business (similar to Russia)
First mover or follower	No data
Type of state involvement in the process of internationalization	State did not participate directly.
Evaluation of the success of the internationalization	The internationalization was successful. Very high market share and profit.

JSC Specialized Administration No.2

Joint-Stock Company «Specialized Administration No.2» is engaged in a construction, reconstruction and major repairs of the main pipelines, underground storehouses of gas and compressor stations.

The geography of work of JSC the SU No.2 is, basically, the Central and Northern regions of the Russian Federation, but the company also had some projects in former USSSR republics.

In 2011 company celebrated its 40th anniversary. The “Specialized Construction Administration No.2” has been a part of the “Welding and Assembling Trust” of the Oil and Gas Construction Ministry in the USSR since September 07, 1971, with the initial primary place of business in the city of Podolsk of Moscow Region.

The company had been involved in construction the following gas pipelines: “Shatlyk – Khiva”, “SRTO – Ural”, “Middle Asia – Center”, “Urengoy — Western Borders”, “Urengoy – the Center”, “Urengoy – Minsk – Ivatsevitchi”, the Ring Gas Pipeline of Moscow Region, “Soyuz”, “Tula – Torzhok”, “Jamburg – Europe”; main oil pipelines, constructed by company: «Pavlodar — Chimkent» и «Holmogory – Klin» “Pavlodar – Chimkent” and “Holmogory – Klin”. The SU No. 2 has been working on development of Mangyshlakskoye, Lyantorskoye and Orekhovo-Yarmakskoye oil fields.

The basic customers SU No.2 are such companies, as "Severgazprom", JSC "Gazpromstroiengineering", «Gazprom transgas Moscow», "Centergazservice", "Gazprom PHG" and "Centergaz" - "Gazprom" branches.¹³