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Morgan will underwrite the offer and could therefore end up with a much increased shareholding.
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Meanwhile Axa increased its shareholding in Kingfisher by 3m shares to 5.05%.
Gennady Timchenko, one of Mr Putin's allies, increased his shareholding to 23% in 2009.
Bertelsmann has increased its shareholding in RTL from a third a few years ago to 90% last year, and the broadcaster is now the largest asset in the Bertelsmann empire.
Controversy over Usmanov's record has surfaced since he paid Arsenal's former vice-chairman David Dein £75m for a 14.5% stake last month, then rapidly increased his shareholding to 21%.
Laxey Partners Limited increased its shareholding to 11.64% on Wednesday.
Bus tycoon Sandy Easdale has increased his shareholding in Rangers to 4.52%.
Uzbek billionaire Alisher Usmanov has increased his shareholding in Arsenal to over 29%.
Usmanov is understood to have come on board in 2008 when he bought a stake in the fund, and since then he has increased his shareholding.
American businessman Stan Kroenke has increased his shareholding in Arsenal to more than 62% and agreed to make an offer for the rest of the club.
The Glazers increased their shareholding to over 19% the following June, although they were still not the largest shareholders.
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