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LJUBLJANA/VIENNA - Nova Ljubljanska banka d.d. announced today its intention to launch a voluntary public takeover offer for all shares of Addiko Bank AG at €29.00 per share on a cum dividend basis, according to a press release statement.
NLB currently holds no shares in Addiko and aims to acquire a significant majority shareholding through the all-cash offer. The bank’s shares are listed on the Ljubljana Stock Exchange.
The €29.00 offer price represents a premium of 25.8% compared to the six-month volume-weighted average share price of €23.05 as of Tuesday’s close. The price also reflects an 11.6% premium to Addiko’s closing price on Tuesday and a 25.8% premium to the price indicated in Raiffeisen Bank International AG’s announcement on Tuesday regarding its own intended voluntary tender offer for Addiko shares.
"We continue to believe that Addiko represents a compelling and strategic acquisition opportunity given its capabilities in the consumer finance and SME segments of the market, as well as due to its digital delivery framework," said Blaž Brodnjak, NLB’s CEO.
The transaction is expected to be materially earnings accretive from the second full year of acquisition, with a broadly neutral impact in the first year. As of December 31, 2025, Addiko had risk weighted assets of €3.9 billion.
NLB intends to integrate all of Addiko’s banking subsidiaries with its own operations in the five overlapping markets. The bank will evaluate integrating Addiko’s subsidiaries outside the European Union on a cost-benefit basis.
The offer’s completion requires obtaining a significant majority shareholding in Addiko, clearances from relevant banking and merger control authorities, and customary market closing conditions. The offer memorandum will be filed with the Austrian Takeover Commission.
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