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Addiko Bank AG: Announcement of NLB of its Intention to Launch a Voluntary Public Takeover Offer for Addiko
Vienna (pta012/16.05.2024/09:30 UTC+2)
Vienna, 16 May 2024 – Addiko Bank AG ("Addiko") notes the announcement of Nova Ljubljanska banka d.d.'s ("NLB") intention to launch a voluntary public takeover offer aimed to acquire control over Addiko, directed at all Addiko shareholders.
Addiko and NLB have been in contact prior to NLB's announcement of its intention to launch a takeover offer.
Addiko will proceed in line with the obligations of the Austrian Takeover Code, including making a statement after publication of the offer document by NLB.
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Contact
Constantin Gussich
Head of Investor Relations & Group Corporate Development
investor.relations@addiko.com
About Addiko Group
Addiko Group is a specialist banking group focusing on providing banking products and services to Consumer and Small and Medium-sized Enterprises (SME) in Central and South-Eastern Europe (CSEE). The Group consists of Addiko Bank AG, the fully-licensed Austrian parent bank registered in Vienna, Austria, listed on the Vienna Stock Exchange and supervised by the Austrian Financial Market Authority and the European Central Bank, as well as six subsidiary banks, registered, licensed and operating in five CSEE countries: Croatia, Slovenia, Bosnia & Herzegovina (where it operates via two banks), Serbia and Montenegro. Through its six subsidiary banks, Addiko Group services as of 31 March 2024 approximately 0.9 million customers in CSEE using a well-dispersed network of 155 branches and modern digital banking channels.
Based on its strategy, Addiko Group has repositioned itself as a specialist Consumer and SME banking group with a focus on growing its Consumer and SME lending activities as well as payment services (its "focus areas"). It offers unsecured personal loan products for Consumers and working capital loans for its SME customers and is largely funded by retail deposits. Addiko Group's Mortgage business, Public and Large Corporate lending portfolios (its "non-focus areas") are subject of an accelerated run-down process, thereby providing liquidity and capital for the growth in its Consumer and SME lending.
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Emitter: |
Addiko Bank AG Canetti Tower, Canettistraße 5/12.OG 1100 Wien Austria |
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Contact Person: | Addiko Investor Relations | |
Phone: | +43 664 884 268 31 | |
E-Mail: | investor.relations@addiko.com | |
Website: | www.addiko.com | |
ISIN(s): | AT000ADDIKO0 (Share) | |
Stock Exchange(s): | Vienna Stock Exchange (Official Trade) |