NLB bid for taking over Addiko Bank falls through

In a bid to take over Addiko Bank AG, NLB acquired a 36.39% stake, and it wanted to acquire at least 75% of the ownership, so the bank has pronounced this bid, which closed on Friday afternoon, unsuccessful.

NLB announced the bid to take over Addiko Bank in early June, initially offering EUR 20 per share, minus the future dividend. In mid-July, it increased the price, offering EUR 22 per share of Addiko Bank, minus the future dividend. The bid was valid until August 16, 5 PM, writes Slovenska tiskovna agencija.

The biggest Slovenian bank, which is also the biggest banking group with the seat in the former Yugoslav area, wanted to acquire at least 75% of the shares in the bank headquartered in the capital of Austria. Due to that, experts, but also the Management Board of Addiko Bank, doubted the possibility of the bid being successful, due to the complex and scattered ownership structure.

NLB

Addiko Bank AG

Addiko Bank

European Central Bank

ECB

Alta Pay

Diplomat Pay

Hypo Alpe Adria

Agri Europe

Miodrag Kostić

Blaž Brodnjak

acquisition of Addiko Bank

Addiko Bank shares