NLB sets out higher bid for Addiko after Raiffeisen offer

Nova Ljubljanska banka (NLB) has revealed plans to marque a voluntary nationalist currency connection for Addiko Bank, seeking power of the lender done the acquisition of each issued shares astatine €29 each connected a cum dividend basis.

The determination follows a caller announcement by Austria’s Raiffeisen Bank International (RBI), which has besides launched a voluntary takeover connection for each issued and outstanding Addiko shares.

RBI has offered €23.05 successful currency for each Addiko share, valuing the slope astatine €449.5m ($524.2m).

NLB said it does not presently ain immoderate Addiko shares and is aiming to unafraid a important bulk involvement done the projected offer.

The slope said the connection stands 25.8% supra the six-month volume-weighted mean stock terms of €23.05 recorded astatine the adjacent of trading connected 8 April 2026.

It added that the projected terms is 11.6% supra the closing marketplace terms connected the aforesaid day and 25.8% supra the terms referred to successful Raiffeisen’s announcement past week.

NLB said the woody would beryllium expected to adhd materially to net from the 2nd afloat twelvemonth aft completion, portion the effect successful the archetypal twelvemonth would beryllium broadly neutral.

At the extremity of 2025, Addiko had hazard weighted assets of €3.9bn, which NLB said fits wrong its indicated acquisition capableness of astir €4bn.

NLB besides said it plans to harvester Addiko’s banking subsidiaries with its ain businesses successful the 5 markets wherever some groups operate.

For subsidiaries extracurricular the European Union, the slope said it would measure the costs and benefits of integration.

If it decides that immoderate specified portion should beryllium sold, it said the merchantability terms would beryllium nary little than just marketplace value.

The connection would beryllium connected NLB obtaining a important bulk holding successful Addiko, receiving clearance from banking and merger power regulators, and gathering different customary closing conditions.

NLB CEO Blaž Brodnjak said: “We proceed to judge that Addiko represents a compelling and strategical acquisition accidental fixed its capabilities successful the user concern and SME segments of the market, arsenic good arsenic owed to its integer transportation model – each of which is highly complementary to NLB Group’s ain cosmopolitan banking exemplary and could enactment our strategical priorities.

“We person truthful decided to contiguous Addiko shareholders with, successful our opinion, a highly charismatic offer, that is, furthermore, besides successful the interests of different stakeholders, including Addiko’s, customers, management, and employees.”

"NLB sets retired higher bid for Addiko aft Raiffeisen offer" was primitively created and published by Retail Banker International, a GlobalData owned brand.