NLB has launched a renewed bid to acquire Addiko Bank, offering €29 per share in a new takeover attempt after failing to secure control of the bank in 2024. The offer, will remain open until 22 July and aims to secure at least a 75% stake in the Vienna-based lender.
The renewed bid comes amid competition from Raiffeisen Bank International, which recently raised its own offer for Addiko shares to €26.50.
Analysts see the contest as strategically important because Addiko operates across several former Yugoslav markets, including Slovenia, Croatia, Bosnia and Herzegovina, Serbia, and Montenegro – all key markets for NLB as well.
NLB chairman Blaž Brodnjak described Addiko as an attractive strategic opportunity due to its retail banking operations, small business focus, and digital infrastructure. Addiko, which emerged from the former Hypo Alpe Adria group, currently has a highly diversified ownership structure with no dominant shareholder.
