NLB launches higher-premium cash bid to take control of Addiko Bank

Nova Ljubljanska Banka dd ( (DE:N1V2) ) has issued an announcement.

NLB has announced its intention to launch an all-cash voluntary public takeover offer for all issued shares of Addiko Bank AG at EUR 29.00 per share, representing significant premiums over recent trading levels and a rival indicated offer. The deal is positioned as a strategic acquisition that complements NLB’s universal banking model through Addiko’s strengths in consumer finance, SME lending, and digital capabilities, with management expecting the transaction to be materially earnings accretive from the second full year and to reinforce NLB’s leading presence in Southeastern Europe, subject to regulatory approvals and a significant majority acceptance.

NLB plans to integrate Addiko’s banking subsidiaries in the five overlapping markets while reviewing the cost-benefit of integrating or potentially divesting Addiko’s non-EU operations at fair market value. The offer details, including acceptance thresholds and procedures, will be set out in an offer memorandum to be reviewed by the Austrian Takeover Commission, and the move underscores NLB’s ongoing use of inorganic growth to consolidate its regional footprint and streamline Addiko’s shareholder structure for the benefit of investors and other stakeholders.

More about Nova Ljubljanska Banka dd

Nova Ljubljanska Banka d.d. (NLB) is the largest banking and financial group in Slovenia and the biggest financial group headquartered in Southeastern Europe, offering universal banking services across retail, SME, and corporate segments. Listed in Ljubljana and London, NLB operates 381 branches with about 3 million active customers across Slovenia and five other Balkan markets, supported by strong capital ratios and a track record of acquisitions to drive regional growth.

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