Nova Ljubljanska banka (NLB) has revealed plans to make a voluntary public money supply for Addiko Financial institution, searching for management of the lender via the acquisition of all issued shares at €29 every on a cum dividend foundation.
The transfer follows a latest announcement by Austria’s Raiffeisen Financial institution Worldwide (RBI), which has additionally launched a voluntary takeover supply for all issued and excellent Addiko shares.
RBI has provided €23.05 in money for every Addiko share, valuing the financial institution at €449.5m ($524.2m).
NLB stated it doesn’t at present personal any Addiko shares and is aiming to safe a major majority stake via the proposed supply.
The financial institution stated the supply stands 25.8% above the six-month volume-weighted common share worth of €23.05 recorded on the shut of buying and selling on 8 April 2026.
It added that the proposed worth is 11.6% above the closing market worth on the identical date and 25.8% above the worth referred to in Raiffeisen’s announcement final week.
NLB stated the deal can be anticipated so as to add materially to earnings from the second full 12 months after completion, whereas the impact within the first 12 months can be broadly impartial.
On the finish of 2025, Addiko had danger weighted belongings of €3.9bn, which NLB stated matches inside its indicated acquisition capability of round €4bn.
NLB additionally stated it plans to mix Addiko’s banking subsidiaries with its personal companies within the 5 markets the place each teams function.
For subsidiaries exterior the European Union, the financial institution stated it might assess the prices and advantages of integration.
If it decides that any such unit needs to be bought, it stated the sale worth can be at least truthful market worth.
The supply would rely on NLB acquiring a major majority holding in Addiko, receiving clearance from banking and merger management regulators, and assembly different customary closing circumstances.
NLB CEO Blaž Brodnjak stated: “We proceed to imagine that Addiko represents a compelling and strategic acquisition alternative given its capabilities within the client finance and SME segments of the market, in addition to resulting from its digital supply framework – all of which is very complementary to NLB Group’s personal common banking mannequin and will help our strategic priorities.
“We’ve subsequently determined to current Addiko shareholders with, in our opinion, a extremely enticing supply, that’s, moreover, additionally within the pursuits of different stakeholders, together with Addiko’s, prospects, administration, and workers.”
“NLB units out increased bid for Addiko after Raiffeisen supply” was initially created and revealed by Retail Banker Internationala GlobalData owned model.
