Raiffeisen Raises Addiko Bid 15% to €26.50 a Share as Takeover Race Heats Up
Updated
Updated · Bloomberg · May 13
Raiffeisen Raises Addiko Bid 15% to €26.50 a Share as Takeover Race Heats Up
1 articles · Updated · Bloomberg · May 13
Raiffeisen Bank International lifted its offer for Addiko Bank by 15% to €26.50 per share, stepping up its pursuit of the Balkans-focused consumer lender.
The higher bid underscores a widening contest for Addiko, with Raiffeisen using a richer price to strengthen its position in the takeover race.
Even after the increase, the offer still sat below the market price: Addiko shares traded at €29 in Vienna at 10:50 a.m., about 10% above Raiffeisen's proposal.
That gap suggests investors may be betting on either a further sweetened offer or competing interest as the bidding battle develops.
As banking giants battle for Addiko, will its innovative digital model be preserved or swallowed by a larger competitor?
With rival bids on the table, who will ultimately win the high-stakes war for Balkan consumer lending dominance?