EBRD tenders Addiko Bank stake into NLB offer

• EBRD tenders its entire 8.4 per cent stake in Addiko Bank AG into the voluntary public tender offer launched by Nova Ljubljanska banka d.d. (NLB)
• Settlement remains subject to satisfaction or waiver of closing conditions, including minimum acceptance threshold and regulatory clearances

The European Bank for Reconstruction and Development (EBRD) has today tendered the entirety of its 8.4 per cent stake in Addiko Bank AG into the voluntary public tender offer for Addiko launched by Nova Ljubljanska banka d.d. (NLB).

As a shareholder in Addiko, the Bank has supported the bank’s growth and its role in providing financial services across its markets.

Settlement of the voluntary public tender offer by NLB remains contingent on satisfaction or waiver of certain closing conditions, including the tender of a number of shares of Addiko exceeding the minimum acceptance threshold specified by NLB, the receipt of merger control and banking regulatory clearance in relevant jurisdictions, and other customary offer conditions.

The EBRD is a major institutional investor in the financial sector across its regions and works to promote resilient, competitive and well-governed financial institutions. Its investments are designed to support market development, financial stability and private-sector-led growth.