NLB’s Addiko Bank Bid Strengthened by Backing From Institutional Investors and Supervisory Board Member

NLB’s Addiko Bank Bid Strengthened by Backing From Institutional Investors and Supervisory Board Member

(IN BRIEF) NLB said its voluntary public takeover offer for Addiko Bank AG is gaining further support from major investors and stakeholders. Brandes Investment Partners, which holds a 5.07% stake in Addiko, has announced its intention to tender its shares, while the European Bank for Reconstruction and Development has confirmed it intends to tender its full 8.4% stake. Additional support has come from Johannes Proksch, Deputy Chairman of Addiko’s Supervisory Board, who has also decided to tender his Addiko shares into NLB’s offer. NLB said its bid provides a 39.6% premium compared with the competing offer from Raiffeisen Bank International AG, as well as transparent maximum consideration, no contingent payments and a lower acceptance threshold. Addiko shareholders who have already accepted the competing offer may revoke that acceptance until 23 July 2026 at 5:00 p.m. CET and tender their shares into NLB’s offer instead.

(PRESS RELEASE) LJUBLJANA, 20-Jul-2026 — /EuropaWire/ — NLB said its voluntary public takeover offer for Addiko Bank AG is gaining further momentum, with leading international investors and key stakeholders indicating support for the proposal.

The latest support follows the recent announcement by Brandes Investment Partners, which holds a 5.07% stake in Addiko, that it intends to tender its shares into NLB’s offer.

The European Bank for Reconstruction and Development has also publicly confirmed that it intends to tender its full 8.4% stake in Addiko into NLB’s bid.

Further backing has come from Johannes Proksch, Deputy Chairman of Addiko’s Supervisory Board, who has also decided to tender his Addiko shares into the NLB offer.

NLB said the decisions by two of Addiko’s most prominent institutional shareholders represent strong recognition of the merits of its offer and the value it provides to shareholders.

According to NLB, its proposal offers an attractive premium of 39.6% compared with the competing offer, along with transparent maximum consideration, no contingent payments and a lower acceptance threshold.

NLB also highlighted that Addiko shareholders who have already accepted the competing offer from Raiffeisen Bank International AG may still revoke their acceptance declarations and tender their shares into NLB’s offer instead.

Shareholders may revoke acceptance of the competing offer until Thursday, 23 July 2026, at 5:00 p.m. CET.

The company said this possibility was explicitly confirmed by the Austrian Takeover Commission in a communication published on 17 July 2026.

NLB said the process for revoking previously tendered shares is simple and straightforward. Shareholders wishing to revoke a prior acceptance and participate in NLB’s offer should contact their brokers.

The company also referred shareholders to a non-binding guideline on revoking a previously submitted acceptance declaration.

NLB thanked Brandes Investment Partners, the European Bank for Reconstruction and Development and Johannes Proksch for their confidence.

The bank said it welcomes continued dialogue with all Addiko shareholders as the offer process continues.

Media Contact:

Luka Brlan
Media Relations
luka.brlan@nlb.si

SOURCE: NLB