Raiffeisen Sets Up €517 Million Purchase of Addiko Bank
Raiffeisen Bank International is near its long-sought takeover of Addiko after winning backing from 56.2% of Addiko shareholders for its €26.50-per-share offer, valuing the lender at €517 million. Tenders remain open until 3 November, but the deal still needs regulatory approval. Addiko operates in southeastern Europe, and earlier bids fell short. Voting rights of Alta and Diplomat Pay were suspended by the ECB in 2024.