At the opening of trading on April 11, shares of Russia’s Rosbank soared 39.47% to 95.4 rubles per share as of 10:10 MSC, trading data show.

This came after the investment company Interros announced the acquisition of a stake owned by French banking group Societe Generale (PA:SOGN), RBC writes.

Interros also emphasized that the terms of the deal had been agreed with the government commission for control over foreign investment in Russia. The deal is scheduled to close within a few weeks, its amount is not disclosed.

“Interros” is one of the largest Russian investment companies, which was founded in 1990 by Vladimir Potanin. In 2006-2011, Societe Generale took over the controlling stake in Rosbank from the Russian investment company. However, on April 11, the French financial group announced that it was ceasing its banking and insurance activities in Russia.