NLB Offers €29 Per Share for Addiko Amid Raiffeisen's Bid

Nova Ljubljanska banka (NLB) announced a voluntary cash offer for Addiko Bank at €29 per share, targeting a significant majority stake. This bid follows Raiffeisen Bank International (RBI)'s offer of €23.05 per share, valuing Addiko at approximately €449.5 million ($524.2 million). NLB's proposed offer represents a 25.8% premium over the average share price recorded on April 8, 2026, and 11.6% above the closing market price on that date. The deal depends on NLB obtaining necessary regulatory approvals and completing standard conditions.