RBI Announces Tender Offer for Addiko Shares at EUR 23.05 Per Share

Raiffeisen Bank International AG (RBI) has revealed its plan to submit a voluntary public tender offer for all issued Addiko Bank AG shares at EUR 23.05 per share. This offer reflects a 20% premium over Addiko's intrinsic equity value, as assessed by Ernst & Young.

The offer requires acceptance by at least 75% of Addiko's shareholders and compliance with regulatory approvals. Additionally, RBI intends to sell Addiko's Serbian, Bosnian, and Montenegrin branches, with the transaction depending on the offer's success. However, RBI plans to retain Addiko's Croatian, Slovenian, and Austrian operations. This would increase RBI's market share, particularly in Croatia and Slovenia.

Completion is anticipated by late 2026, with the Carve-Out concluding in 2027, impacting RBI's CET1 ratio by approximately minus 45 basis points initially.