VTB Bank (public joint-stock company) (LSE:VTBR) has signed memorandum of agreement to acquire 81.11% stake in SarovBusinessBank, OJSC on October 10, 2018. The final size of the stake acquired will be determined after the mandatory offer to minority shareholders to purchase shares. The transaction is subject to due regulatory and corporate approval. The transaction is expected to close the deal by the end of 2018. VTB Bank (public joint-stock company) (LSE:VTBR) completed the acquisition of 81.11% stake in SarovBusinessBank, OJSC on January 9, 2019. As a part of the deal, VTB Bank acquired 1,020,332,387 shares of Sarovbusinessbank.