TAIF PSC offered to acquire additional 24.31% stake in PJSC Nizhnekamskneftekhim (MISX:NKNC) for RUB 18.9 billion on January 31, 2018. Under the offer, TAIF PSC will acquire 297.49 million ordinary shares representing 18.5% ordinary shares at RUB 50.25 per share and 144.15 million preferred shares representing 65.8% preferred shares at RUB 27.63 per share. TAIF PSC currently owns a stake of 75.39% in PJSC Nizhnekamskneftekhim and doesn’t have the goal of reaching 100%. The deal is subject to approval of the Board of Directors of Nizhnekamskneftekhim. As of March 2, 2018, the transaction is approved by board of directors of PJSC Nizhnekamskneftekhim. The offer will remain open for 70 days after being posted. TAIF PSC cancelled the acquisition of additional 24.31% stake in PJSC Nizhnekamskneftekhim (MISX:NKNC) on January 31, 2019.