Slovenian lender Nova Ljubljanska Banka (NLB) has issued an offering memorandum for its voluntary public takeover offer targeting Addiko Bank AG. The bid covers all outstanding shares of the Vienna-listed bank.
Offer Details
NLB proposes €29.00 per share for Addiko’s approximately 19.5 million shares, representing 100% of the company’s issued capital. Addiko shares trade on the Vienna Stock Exchange under ISIN AT000ADDIKO0.
Acceptance Timeline
The initial acceptance period runs until July 23, 2026, at 00:00 Korean Standard Time. If the minimum threshold isn’t met by the early closing deadline, the offer extends to October 27, 2026. The final long-stop date is set for May 31, 2027.
Success Conditions
The takeover requires acceptance by at least 75% of Addiko’s shares, totaling 14,465,357 shares. Additional approvals include clearance from the Austrian Takeover Commission and, if applicable, the European Central Bank. The deal proceeds absent material adverse changes, significant declines in the Euro Stoxx Banks Index, or major compliance issues.
Advisors and Operations
Erste Group Bank AG serves as the financial advisor and designated intermediary. Addiko Bank operates across Austria, Croatia, Slovenia, Bosnia and Herzegovina, Serbia, and Montenegro.
Shareholder Instructions
The offer has received approval from the Austrian Takeover Commission. Investors aiming to tender must link their holdings to a custodian bank by the respective deadlines, with at least three business days’ notice before the period ends.
This bid includes the 2025 fiscal year dividend. All details are for informational purposes; shareholders should consult relevant documentation.
