Raiffeisen Bank International (RBI) announced that it has lowered the minimum acceptance threshold for its voluntary public tender offer for all shares of Addiko Bank AG to over 55%. This decision, made on July 9, 2026, followed the non-prohibition by the Austrian Takeover Commission. The original threshold was set at more than 75% of all issued Addiko shares. The new threshold requires acceptance for more than 10,607,756 Addiko shares, out of a total of approximately 19.28 million shares.
As of July 13, 2026, RBI had received declarations of acceptance relating to 9,890,151 Addiko shares, representing 51.28% of the shares relevant for the new minimum acceptance threshold. This includes 1,878,167 Addiko shares held by Alta Group d.o.o., corresponding to 9.63% of all issued Addiko shares. These acceptances are subject to statutory withdrawal rights if a competing offer is improved. No declarations of withdrawal have been received so far.
The acceptance period for RBI's offer is set to end on July 22, 2026, at 5:00 PM CEST. This move by RBI is part of its ongoing battle to gain control of Addiko Bank, a Southeast Europe-focused lender, against rival bidder Nova Ljubljanska Banka (NLB) of Slovenia. The lower threshold aims to facilitate the acquisition amidst this competitive environment.
