VTB Capital PLC agreed to acquire a 19.9% stake in Public Joint Stock Company Group of Companies TNS energo (MISX:TNSE) from Sunflake Limited for RUB 6 billion on April 20, 2017. Under the terms of the transaction, the consideration paid will be lower of the two amounts; RUB 6 billion or the market prices of the acquired shares determined by VTB Capital. The transaction is subject to Board and shareholders of TNS. The deal has been approved by TNS Energo's Board of Directors. Shareholders will have to approve the deal with VTB at an extraordinary general meeting on May 26, 2017. The proceeds from the transaction will be used to cancel two options totaling RUB 3 billion. VTB Capital PLC completed the acquisition of 19.9% stake in Public Joint Stock Company Group of Companies TNS energo (MISX:TNSE) from Sunflake Limited on June 23, 2017.