AO Sotol Proekt made an offer to acquire remaining 34.9% stake in Public Joint Stock Company RBC (MISX:RBCM) on July 11, 2017. Under the terms of the offer, Sotol Proekt will acquire 127.6 million shares. As of August 7, 2017, the offer price was announced at RUB 7.775 per share. As of August, 2017, AO Sotol Proekt offered to acquire an additional 30.81% stake in Public Joint Stock Company RBC for approximately RUB 880 million. Prior to the transaction, AO Sotol Proekt held 65% stake in Public Joint Stock Company RBC and along with related parties hold 69% stake in Public Joint Stock Company RBC. The period of the offer is 75 days from the date of receiving of the offer i.e. August 7, 2017. As of September 13, 2017, the offer was approved by Federal Antimonopoly Service of Russia. As of November 9, 2017, AO Sotol Proekt has increased its stake in Public Joint Stock Company RBC to 72.19%.