Nova Ljubljanska Banka dd (GB:NLB) has released an update.
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Nova Ljubljanska Banka (NLB) has increased its voluntary public takeover offer for Addiko Bank AG, now proposing EUR 22.00 per share, a 10% enhancement over the initial EUR 20.00 offer. This revised offer represents a significant premium over Addiko’s recent average and closing share prices, aiming to consolidate NLB’s ambitions in consumer and SME finance and its regional presence. Addiko shareholders have until August 16, 2024, to accept the improved offer, which is contingent on acquiring at least a 75% stake and regulatory approvals.
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