NLB’s Takeover Bid for Addiko Bank Falls Short

Nova Ljubljanska Banka dd (GB:NLB) has released an update.

Nova Ljubljanska Banka’s (NLB) recent voluntary public takeover offer to gain control of Addiko Bank AG was unsuccessful as it did not achieve the required 75% acceptance from Addiko shareholders. By the deadline, only 36.39% of Addiko shares had been tendered, falling short of the threshold needed to proceed with the acquisition. Despite this, NLB’s CEO remains positive, thanking shareholders for their support and reaffirming NLB’s commitment to growth and exploring future takeover opportunities.

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