As of 22 July 2026, shareholders representing 29.5% of Addiko Bank's share capital (excluding treasury shares this amounts to 29.8% of voting rights) have committed to tender their shares into NLB's voluntary takeover offer. The support comes primarily from leading global financial investors, including Brandes, EBRD and Wellington, as well as a number of retail investors who have recognized the significantly higher price alongside a transparent, straightforward, and fully executable transaction structure.
We expect additional investors to follow. NLB can only reach the critical 50% +1 share threshold if a meaningful portion of the approximately 25% of shares currently tendered into the RBI offer – and not subject to Alta Group’s publicly disclosed arrangements – switch to the NLB Offer. Not doing so would result in a cumulative lower payout of more than EUR 200 million to all investors of Addiko (100% basis) or approximately EUR 90 million to investors who have not yet tendered into the RBI offer.
NLB also expressly invites Alta Group to tender into our Offer given its highly attractive price with a premium of almost 40% relative to the RBI offer.
NLB considers the publicly cited closing risk associated with legacy litigation in the Republic of Croatia in relation to old currency deposits to be unfounded, as the final decision on the transaction will be taken by the ECB following an initial assessment by the local regulator. It is also important to emphasize that, in connection with the aforementioned litigation, NLB fully complies with the Slovenian legislation, including the Act on the Protection of the Value of the Capital Investment of the Republic of Slovenia in NLB, which protects NLB from any adverse financial consequences arising from such litigation.
The deadline for shareholders who have tendered their shares into the competing offer to revoke their acceptance declarations expires today, 23 July 2026 at 5:00 p.m. (CET). NLB once again encourages all Addiko shareholders to carefully assess their options and act in their own best financial interests.
To revoke a prior acceptance and participate in NLB's Offer, shareholders should contact their brokers. For further information, please refer to the non-binding guideline on revoking a previously submitted acceptance declaration available here. Investors should, if possible, request and receive written confirmation (at least by email) from their custodian bank that the withdrawal has been reported/ forwarded in time.
By accepting NLB's Offer, shareholders can realize an attractive premium of 39.6% compared to the competing offer, together with transparent maximum consideration with no contingent payments.
NLB Communications
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Nova Ljubljanska banka d.d., Ljubljana ("NLB" or the "Bidder") hereby gives notice that the voluntary public takeover offer aimed at acquiring control over Addiko Bank AG ("Addiko") did not obtain a sufficient number of acceptance declarations. ...
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