NLB is offering 29 euros per share for Addiko Bank

Slovenia’s largest bank, Nova Ljubljanska banka (NLB), announced on May 13 that it had published the prospectus for a voluntary public tender offer to acquire a controlling stake in the Austrian Addiko Bank. This formally opened the acceptance period for shareholders.

Addiko Bank, headquartered in Vienna, operates in six markets across Central and Southeastern Europe—Austria, Croatia, Slovenia, Bosnia and Herzegovina, Serbia, and Montenegro—and focuses on lending to retail customers as well as small and medium-sized enterprises (SMEs). The planned acquisition would strengthen NLB’s regional presence and expand its business operations beyond the Western Balkans.

Ljubljana-based NLB is offering 29 euros per share in cash for up to 19.5 million no-par common shares, representing 100 percent of Addiko’s issued share capital. The acceptance period for the offer runs from May 13 to July 22, as the bank announced in a stock exchange announcement.

According to NLB, the minimum requirement for a successful takeover bid is the acquisition of at least 75 percent of the total voting rights, which corresponds to 14,465,357 Addiko shares.

Provided that all conditions attached to the offer are met, the acceptance period will be extended for a further period from July 27, 2026, to October 27, 2026.

The transaction remains subject to several conditions, including approval by competition and banking supervisory authorities, as well as the completion of the fit-and-proper assessment process for qualified shareholders at the European Central Bank.

NLB also stated that the deadline for fulfilling all conditions of the takeover offer runs until May 31, 2027.

Raiffeisen Bank International is also seeking to acquire Addiko Bank and is currently offering 26.50 euros per share.