NLB's Addiko Bank Takeover Offer Fails Due to Insufficient Share Acceptance
Nova Ljubljanska banka (NLB) announced that its public takeover offer for Addiko Bank AG did not secure enough shareholder acceptances. The offer has been terminated as the minimum acceptance condition was not met.
Nova Ljubljanska banka (NLB) has confirmed that its voluntary public takeover offer for Addiko Bank AG will not proceed. The offer, launched on May 13, 2026, required acceptances representing at least 50% plus one share of Addiko Bank's total issued shares. By the end of the acceptance period, 6,087,353 shares were tendered, equating to 31.22% of the total.
As the minimum acceptance condition was not met, the offer settlement will not occur, and it will not be extended under the Austrian Takeover Act. The all-cash offer aimed to acquire control of Addiko Bank.
NLB CEO Blaž Brodnjak stated the bank made a fully transparent, all-cash offer and respects shareholders' decisions not to accept. He added that NLB remains convinced of the strategic advantages a combination would have offered.
The bank affirmed its strong capital position and unchanged strategy focused on sustainable, profitable growth in Southeastern Europe, pursuing both organic expansion and acquisitions under appropriate terms.