Raiffeisen Bank International Increases Offer for Addiko Shares

Raiffeisen Bank International AG (RBI) plans to raise its offer price for the voluntary public tender regarding Addiko Bank AG shares to EUR 26.50 each. The initial offer, announced on April 8, was set at EUR 23.05. The RBI aims to purchase all shares not currently owned by Vienna-based Addiko Bank AG. The Takeover Commission is presently reviewing the proposal, which was filed on April 27.

The potential acquisition is expected to impact RBI's Common Equity Tier 1 (CET1) capital ratio by approximately minus 46 basis points, assuming a 75% participation rate, excluding Russia's operations. If the carve-out of Addiko subsidiaries in Serbia, Bosnia, Herzegovina, and Montenegro succeed, the final impact could be reduced to around minus 11 basis points.