News
Acquisition · Banking · Southeastern Europe · Takeover
NLB announced an all-cash voluntary public takeover offer for all issued shares of Addiko Bank AG at EUR 29.00 per share, representing a significant premium over recent trading levels and a rival indicated offer, aiming to strengthen its regional banking footprint.
This deal is positioned as a strategic acquisition that complements NLB’s universal banking model through Addiko’s strengths in consumer finance, SME lending, and digital capabilities. Management expects the transaction to be materially earnings accretive from the second full year and to reinforce NLB’s leading presence in Southeastern Europe, subject to regulatory approvals and a significant majority acceptance.
NLB plans to integrate Addiko’s banking subsidiaries in the five overlapping markets while reviewing the cost-benefit of integrating or potentially divesting Addiko’s non-EU operations at fair market value. This move underscores NLB’s ongoing use of inorganic growth to consolidate its regional footprint and streamline Addiko’s shareholder structure for the benefit of investors and other stakeholders.
NLB is the largest banking and financial group in Slovenia and the biggest financial group headquartered in Southeastern Europe, operating 381 branches with about 3 million active customers across Slovenia and five other Balkan markets.
