Nova Ljubljanska banka (NLB) has significantly increased its offer for Addiko Bank AG, with its latest bid reaching €37.00 per share. This represents a substantial premium of 39.6% compared to the stock market closing price as of June 15, 2026, and a €10.50 per share higher offer than the competing bid from Raiffeisen Bank International AG (RBI). NLB's prior offer on June 11, 2026, was €33.50 per share, which itself was an increase from an initial offer of €29 per share in April 2026. The initial €29 offer valued Addiko at €566 million ($663 million).
NLB emphasizes that their improved offer provides Addiko shareholders with a unique and attractive opportunity to monetize their holdings. They are confident in securing the necessary regulatory approvals, including from the European Central Bank (ECB) under the Single Supervisory Mechanism (SSM), as they have been engaging with regulators for over two years and have begun filing documentation. The company notes that Austria, Slovenia, and Croatia are all part of the SSM, and both NLB and Addiko are directly supervised by the ECB.
The bidding war for Addiko Bank, a consumer lending specialist operating across five Central and Southeast European markets, began with Raiffeisen's offer of €23.05 per share. NLB quickly countered, and the price has steadily climbed. Addiko shareholders who previously accepted RBI's offer are now entitled to revoke their acceptance and tender their shares to NLB's higher offer. NLB's objective is to acquire control over Addiko, requiring them to secure 75% of the total voting rights, or 14,465,357 Addiko Shares.
