Slovenia's NLB plans to launch takeover offer for Vienna-listed Addiko Bank

Addiko Bank AG

09/04/2026 20:27

April 9 (Reuters) - Slovenia's Nova Ljubljanska Banka (NLB) NLBR.LJ said on Thursday it plans to launch an all-cash voluntary takeover offer for Addiko Bank ADKO.VI, valuing the Austria-based lender at 559.33 million euros ($654.36 million) or 29 euros per share.

The offer comes one day after Austria's Raiffeisen Bank International RBIV.VI (RBI) said it plans to acquire Addiko for 23.05 euros per share.

NLB said it plans to launch an offer for Addiko at 29 euros per share, topping rival RBI’s previous bid of 23.05 euros ($26.97) and escalating the battle for the Austrian banking group.

The new offer values Addiko at an 11.5% premium to Wednesday’s closing price of 26 euros ($30.42) and a 25.8% premium to RBI’s earlier proposal.

NLB, which currently holds no stake in Addiko, said it is seeking a significant majority shareholding and expects the transaction to be broadly earnings neutral in the first year and accretive from the second full year after completion.

NLB intends to integrate all of Addiko's banking subsidiaries with its own operations in five overlapping markets.

($1 = 0.8548 euros)

(Reporting by Carlos Méndez in Mexico City; Editing by Leroy Leo)

((Carlos.Mendez@thomsonreuters.com))