NLB Renews Bid to Take over Addiko Bank
9 Articles
9 Articles
NLB has announced a new takeover bid for Austrian bank Addiko Bank. It is offering 29 euros per share including dividend. Raiffeisen is also bidding for the purchase with 26.50 euros per share, but it does not yet have the approval of the takeover commission.
Slovene bank NLB has published its offer, thus throwing the towel in the takeover fight for the Vienna bank.
Slovenska banka is offering 29 euros per share, but has set the success threshold at 75 percent.
VIENNA. Bids are now EUR 26.50 per share, the first offer was still EUR 23.05 per share certificate. Competition comes from the Slovenian Nova Ljubljanaska Banka (NLB).
NLB renews bid to take over Addiko Bank
Slovenia's largest bank, NLB, has launched a renewed bid to acquire Vienna-based Addiko Bank after its previous takeover attempt failed two years ago. Under the voluntary takeover bid published on 13 May, NLB is offering €29 per share, including dividends, up from the €22 per share offered in its 2024 bid. The offer will remain open until 22 July. As in the previous attempt, NLB aims to secure a 75% stake in Addiko, which has a significant prese…
Nova Ljubljanska Banka (NLB) has published an offer memorandum for a voluntary public offer to take over Austria's Addiko Bank AG, officially launching the process of one of the most significant banking acquisitions in the region. Addiko Bank operates in six markets in Central and Southeastern Europe, including Bosnia and Herzegovina, Serbia, Croatia, Slovenia and Montenegro. According to the published data, NLB is offering 29 euros per share in…
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