Raiffeisen (RBI) crosses 55% threshold for Addiko Bank control

Raiffeisen Bank International (RBI) has reached a 56.16% acceptance level for its voluntary takeover offer of Addiko Bank, surpassing the 55% minimum threshold. This milestone was achieved with declarations covering 10,831,435 Addiko shares. RBI's offer is priced at €26.50 per share, valuing Addiko at €517 million ($596 million). Competing bidder Nova Ljubljanska banka (NLB) previously offered €37.00 per share but did not gain enough acceptance and has chosen to withdraw its bid. This development is significant as it could affect the market position of consumer lending in the Balkans.