Shareholders of Addiko Bank accept offer of Agri Europe – Kostic can go over 10%

We learned last night from Ljubljana that the offer of NLB had not attracted a sufficient number of shareholders of Addiko Bank. However, in Vienna, at the management of Addiko Bank, we are learning that the offer of Agri Europe, behind which is the businessman Miodrag Kostic, has gone through, Forbes Srbija writes. The Cypriot buyer, just like the Slovenian one, has not reached the desired stake, but they may reach a 10.06% stake.

Both bids, by NLB and Agri Europe, were valid until August 16. The Slovenian bank first offered 20, then EUR 22 per share, with the condition that they take over at least a 75% stake.

– The management of Addiko Bank Group admits that the recent takeover bid made by Nova Ljubljanska Banka d.d. (NLB) for the acquisition of all the remaining shares of Addiko Bank AG, has not reached the minimum threshold of 75% set by NLB. Therefore, the bid is unsuccessful – says the just published announcement of this Austrian bank.

Kostic’s Agri Europe offered a gross amount of EUR 16.24 per share. Last year, this Cypriot company became the owner 9.99% of Addiko Bank. Now they wanted to reach a 17% stake.

– As for the voluntary partial bid made by Agri Europe Cyprus Limited (AEC), whose acceptance period also ended on August 16, 2024, Addiko has been notified that the bid has been accepted by the shareholders which have 12,853 bearer shares in Addiko Bank, so therefore, under the condition that all the necessary regulatory approvals are obtained and that there are no complaints, AEC will acquire ownership over these 12,853 shares – says the announcement of the management of the Austrian bank.

In order to become the owner of additional shares, Agri Europe has to obtain the necessary regulatory approvals. If it does so, it will have a 10.06% stake in Addiko Bank.

– Neither of these two announcements affects our business with our clients. Addiko Bank remains fully dedicated to its strategic plan, with the priority placed on innovations in digital banking and excellence in serving the clients – the financial institution assures.

There are more companies from Serbia in the ownership structure of Addiko Bank. There’s Diplomat Pay, with a 9.99% stake, and Alta Pay, with a 9.63% stake. Less than ten days ago, Addiko Bank notified the public that the monetary authorities from Frankfurt had suspended the voting rights of Alta Pay, belonging to the Serbian businessman Davor Macura, and the company Diplomat Pay, belonging the Stefan Rodic, almost completely unknown to the public, because those companies had acted together to acquire a nearly 20% stake in said bank.

Nova Ljubljanska banka d.d. Ljubljana

Addiko bank ad Beograd

Agri Europe Cyprus

Diplomat Pay doo Beograd

ALTA PAY GROUP DOO BEOGRAD

NLB

Nova ljubljanska banka

Addiko Bank

Agri Europe Cyprus Limited

Diplomat Pay

Alta Pay

Miodrag Kostić

Davor Macura

Stefan Rodić

Ljubljana

Vienna

Frankfurt