NLB News & Analysis
2 articles
Market Mood
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.
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NLB Offers €29 Per Share for Addiko Amid Raiffeisen's Bid
Nova Ljubljanska banka (NLB) announced a voluntary cash offer for Addiko Bank at €29 per share, targeting a significant majority stake. This bid follows Raiffeisen Bank International (RBI)'s offer of €23.05 per share, valuing Addiko at approximately €449.5 million ($524.2 million). NLB's proposed offer represents a 25.8% premium over the average share price recorded on April 8, 2026, and 11.6% above the closing market price on that date. The deal depends on NLB obtaining necessary regulatory approvals and completing standard conditions.
Read More: NLB Offers €29 Per Share for Addiko Amid Raiffeisen's Bid