bne IntelliNews – Slovenian NLB’s bid for Addiko Bank fails

Slovenia’s largest bank, NLB, has failed in its attempt to acquire Austria’s Addiko Bank. The takeover bid fell short as only 36.4% of Addiko’s shareholders accepted NLB’s offer, significantly below the 75% threshold required for a successful acquisition, NLB announced on August 21.

In July, RTV SLO reported that the board of directors at Addiko Bank had responded favourably to NLB’s…