Raiffeisen Bank International has now received acceptances covering more than half of Addiko’s shares, with the offer period running until late July
Raiffeisen Bank International has received acceptances for 9,831,951 shares of Addiko Bank, representing 50.42% of all issued shares, as of June 9, in its voluntary public tender offer to acquire control of the Austrian lender.
The acceptances include 1,878,167 shares, or 9.63% of the total, held by Alta Group. RBI launched the offer on May 14 under Austria’s Takeover Act, targeting all outstanding Addiko shares. The acceptance period remains open until July 22.