Raiffeisen Bank International AG Plans Takeover of Addiko Bank AG

Raiffeisen Bank International AG (RBI) has announced its intention to launch a voluntary takeover offer for Addiko Bank AG. This offer targets all issued and outstanding bearer no-par value shares of Addiko, listed on the Vienna Stock Exchange, not already held by Addiko. RBI proposes a cash price of EUR 23.05 per share, mirroring the average share price over the past six months.

The offer hinges on several conditions, including necessary approvals from anti-trust and regulatory authorities, and a minimum acceptance threshold exceeding 75%. Additionally, Addiko must not experience any material adverse changes or dispose of its subsidiaries during this period.

RBI also plans a transaction agreement with Alta Group d.o.o., aiming for the sale of Addiko’s operations in Serbia, Bosnia and Herzegovina, and Montenegro upon successful offer completion. The necessary documents and expert statements will be submitted to the Austrian Takeover Commission in the coming weeks.