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Raiffeisen Wins Control of Addiko as Tender Clears 56.2%

Raiffeisen Bank International logoRaiffeisen Bank International
Sig4.70Sen+3.40Env0.00Soc0.00Gov+3.80
Addiko Bank logoAddiko Bank
Sig4.25Sen+1.30Env0.00Soc0.00Gov+1.10

Raiffeisen Bank International is on track to gain control of Addiko Bank after its tender cleared with 56.2% support. Addiko shares were at €26.60, while Raiffeisen was up 1.94% at €60.55. The deal values Addiko at €517 million and remains subject to regulatory approval, with tenders open until Nov. 3.

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