Raiffeisen Bank International (RBI) has secured a controlling stake in Addiko Bank, effectively ending a protracted bidding war with Slovenian lender NLB.
The Austrian lender announced on Friday that no shareholders had withdrawn their acceptance of the takeover offer during the final window, confirming RBI's majority position in the Southeast European-focused bank.
The development marks a decisive conclusion to a contested acquisition that had seen Addiko shareholders given the opportunity to switch their acceptance to NLB's higher bid.
With the deadline passing without any withdrawals, RBI has solidified its hold on the target, removing the immediate threat of a rival takeover.
This outcome follows a critical procedural milestone earlier in the process, where RBI had already secured the minimum shareholder approval required to proceed with the transaction.
The bank's ability to retain shareholder support despite the competing offer underscores the strategic value of the deal for RBI's expansion in the region.