VTB Bank (public joint-stock company) (LSE:VTBR) made a mandatory offer to acquire 14.99% stake in Public joint-stock company Vozrozhdenie Bank (MISX:VZRZ) on September 25, 2018. Under the offer, VTB Bank will acquire 3.56 million common shares in Vozrozhdenie and 0.12 million (9.6%) of preferred shares of Vozrozhdenie Bank, in cash. VTB has offered a price of RUB 481.68 per share.

If minority shareholders do not take the offer, Vozrozhdenie shares will be delisted from the Moscow Exchange. The transaction was approved by the Board of VTB Bank. The offer will be valid until January 2019.