Public Joint Stock Company United Credit Systems (MISX:UCSS) agreed to acquire an unknown stake in Absolut Bank for Rub 2.9 billion on September 7, 2016. As per the terms of agreement Public Joint Stock Company United Credit Systems (MISX:UCSS) will acquire 70.2 million shares of Absolut Bank. The transaction is approved by Board of Directors of Public Joint Stock Company United Credit Systems (MISX:UCSS). The deal will be discussed by extraordinary general meeting of shareholders on October 11, 2016.