Addiko Backs RBI Bid Amid Rival Offer
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4 Articles
According to RBI's plan, a potential takeover would be followed by a division of the Addiko business.
VIENNA. The offer is attractive from a financial point of view, the management wrote in an official statement on Wednesday. There is also an offer from NLB.
Addiko Backs RBI Bid Amid Rival Offer
Austria’s Addiko Bank (ADKO.VI) has publicly endorsed the takeover bid from Raiffeisen Bank International (RBI) (RBIV.VI), despite a higher rival offer from Slovenia’s Nova Ljubljanska banka (NLB) (NLBR.LJ). The decision, announced on Wednesday, sees Addiko Bank favouring a more certain payout for its shareholders over the larger per-share sum offered by NLB. This move is a significant development in the competitive landscape surrounding the Aus…
Today, the announcements by Addiko regarding the offers of RBI and NLB have been published, which shows a clear tendency: The Management Board states on the RBI offer (at EUR 26.5 per share): "After a thorough examination of all relevant aspects, the Management Board has decided to recommend the acceptance of the offer to Addiko shareholders."As regards the NLB offer at EUR 29.0, it says: "After an in-depth examination of all relevant aspects, t…
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