EBRD acquires direct 8.4% stake in Addiko Bank

The EBRD has reorganized its share ownership in Addiko Bank AG. It has swapped its indirect stake in the bank, which it held via a private special purpose vehicle, with a direct stake, it is announced on the official EBRD website.

As a result, the EBRD will now own a stake of approximately 8.4% of Addiko, a regional financial group operating in south-eastern Europe and headquartered in Vienna, focusing on retail clients and offering advanced technological solutions such as digitalized banking services.

The reorganization follows recent changes in the ownership of Addiko. The EBRD’s move underlines its long-term commitment to the bank.

The bank was established in the course of the resolution of the nationalized Austrian lender Hypo Alpe Adria Group and acquired by Advent International, a global private equity firm, and the EBRD in December 2014.

Following the bank’s successful restructuring and the reorientation of its business, Addiko was returned to the market with an IPO in June 2019.

The EBRD retained a stake and continues to see Addiko Bank as a strategic player in the financial sector in Bosnia and Herzegovina,Croatia, Montenegro, Serbia and Slovenia, where the lender operates, the press release says.

EBRD Evropska banka za obnovu i razvoj Beograd

Addiko bank ad Beograd

Advent International Boston

European Bank for Reconstruction and Development

EBRD

Addiko Bank

Advent International

Hypo Alpe Adria Group

ownership stakes in Addiko Bank