Raiffeisen Bank International (RBI) has secured the minimum shareholder approval required to proceed with its takeover of Addiko Bank, marking a critical procedural milestone in the contested acquisition.
Shareholders representing 55.32% of the bank's equity have accepted the Austrian lender's public offer, surpassing the statutory success threshold for the deal.
The transaction remains subject to regulatory approvals and the ongoing competitive pressure from Slovenian lender NLB Group, which has launched a counter-offer reported to exceed RBI's current bid by approximately 40%.
The acceptance rate confirms sufficient support for RBI's bid, but it does not guarantee the final outcome.
The transaction remains subject to regulatory approvals and the ongoing competitive pressure from Slovenian lender NLB Group, which has launched a counter-offer reported to exceed RBI's current bid by approximately 40%.
This significant premium has positioned NLB as a formidable challenger in the race for control of the regional banking group.
The contest for Addiko Bank has evolved into a high-stakes bidding war, with both European lenders vying for a strategic foothold in the Western Balkans.