NLB's offer to take over the Austrian Addiko Bank was not successful
10 Articles
10 Articles
Today, foreign press agencies reported, among other things, the failed attempt by NLB to take over the Austrian Addiko Bank. NLB acquired 36.39 percent of the shares of this Austrian bank, but wanted at least 75 percent ownership. The agencies also reported on the first cross-border European Capital of Culture in Nova Gorica and the Italian Gorica.
The major Slovenian bank NLB has failed in its takeover offer for the Austrian Addiko Bank, the NLB announced in a press release on Tuesday. NLB offered shareholders 22 euros per share. However, the major bank aimed from the outset for a qualified majority stake and a minimum acceptance threshold of 75 percent of Addiko shares. By the end of the offer period, only 36.39 percent had been deposited with the payment and settlement office. It was cl…
NLB acquired 36.39 percent of the shares of Addiko Bank, a Vienna-based banking group that operates in the territory of the former Yugoslavia, in a takeover offer. It wanted to acquire at least 75 percent of the ownership, so the offer, which ended on Friday afternoon, was described as unsuccessful in NLB.
The minimum acceptance threshold of 75 percent was not even half reached. The Austrian Addiko Bank emerged from the Hypo-Alpe-Adria-Balkanbanken
NLB acquired 36.39 percent of the shares in the takeover bid for Addiko Bank. He wanted to acquire at least 75 percent of the ownership, which is why NLB called the offer, which ended on Friday afternoon, unsuccessful.
Although the Austrian bank will remain independent for the time being, the bidding war has shifted the balance of power among the shareholders. What this means for Addiko and the board of directors.
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