Raiffeisen Set to Hold Nearly All of Addiko Bank After Extended Takeover Offer
Raiffeisen expects to hold 95.74% of Addiko Bank once its 511 million euro takeover offer settles; approvals in Albania and Bosnia are still pending.
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what happened
Austria's Raiffeisen Bank International expects to control 95.74% of Addiko Bank's share capital once its takeover offer is settled, Dow Jones Newswires reports. The total value of the bid is 511 million euros, or about $573.4 million.
Raiffeisen had reported a 55.55% stake in August, based on shares tendered in the first acceptance window, which ran from May to July. The larger holding came from additional shareholders who accepted the offer during the extended period. In May, the bank raised its price to 26.50 euros per share after Slovenia's Nova Ljubljanska Banka made a competing bid.
The transaction still needs clearance from competition regulators in Albania and Bosnia and Herzegovina. Raiffeisen added that approvals from banking supervisors are on schedule.
why it matters
For markets, this is mainly a story about consolidation in banking across Central and Southeastern Europe. Near-full control of Addiko strengthens Raiffeisen's regional footprint, and the remaining regulatory decisions in two countries are the main factor that could delay completion.
market impact
Banks in Austria and Eastern Europe: regional consolidation, with Raiffeisen gaining full control of Addiko
tags
instruments
sources
- Raiffeisen Achieves Near-Full Ownership of Addiko After Takeover Offer — Dow Jones Newswires, 6 November 2026 at 06:29 UTC
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