US EditionNLB Joins Raiffeisen in Bidding Battle for Balkans Lender Addiko
11 Articles
11 Articles
New takeover bid for Austrian banking group.
Nova Ljubljanska banka has announced its intention to make a voluntary public takeover offer to acquire all shares of Addiko Bank AG. The offer price is EUR 29 per share, less any future dividend payments.
NLB has announced its intention to acquire Austrian bank Addiko Bank at a price of 29 euros per share. A similar intention was announced on Wednesday by the banking group Raiffeisen Bank International, which would pay 23.05 euros per share. NLB tried to take over Addiko Bank in 2024, but was unsuccessful at that time.
For a long time, a cold takeover struggle held the Addiko bank in shackles. Now an offer from the RBI could solve this. Raiffeisen is planning a special deal.
Nova Ljubljana banka d.d. today announced its intention to issue a voluntary public takeover offer for all shares of Addiko Bank AG at EUR 29.00 per share, offering more than the RBI, which today announced an offer of EUR 23.05. NLB currently does not hold any shares in Addiko and aims to acquire a significant majority stake in the purely cash offer. "We are still convinced that Addiko is an attractive and strategic acquisition opportunity due t…
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