Raiffeisen Bank International said on 6 November 2026 that it would hold 95.74% of Addiko Bank once its voluntary takeover offer settles, after acceptances for 96.79% of the shares sought were received by the end of the additional acceptance period on 3 November.
Deal terms and financing
RBI's voluntary public takeover offer under the Austrian Takeover Act was published on 14 May 2026 at €26.50 per share in cash, up from an initial €23.05. The main acceptance period ended on 29 July and the additional period on 3 November. Settlement is due no later than ten trading days after the conditions are satisfied.
Regulatory approvals and timing
Merger control filings were made in Austria, Slovenia, Croatia, Serbia, Montenegro, Bosnia and Herzegovina, Ukraine, Kosovo and Albania; clearance has been granted in all except Albania and Bosnia and Herzegovina. Bank supervisory approvals were sought in Austria, Slovenia, Croatia, Serbia, Montenegro and Bosnia and Herzegovina, with the Serbian procedure complete. All conditions must be met by 14 May 2027.
Market context
Following the Serbian central bank's revocation of Alta Banka's licence, RBI said a carve-out of several Addiko subsidiaries was now unlikely and it expects to retain all of them. Slovenia's NLB had also pursued Addiko with a rival offer.
