Wolf Theiss has advised Addiko Bank on navigating the takeover bids submitted by Agri Europe Cyprus Limited and Nova Ljubljanska Banka. Cerha Hempel advised Agri Europe. Schoenherr advised NLB.
The Addiko Group is a specialized banking group for consumer and small and medium-sized enterprises focusing on providing consumer and SME lending and payment services. The Group consists of Addiko Bank AG – the Austrian parent bank based in Vienna, which is listed on the Vienna Stock Exchange and supervised by the Austrian Financial Market Authority and the European Central Bank as a licensed credit institution – and six subsidiary banks registered, licensed, and operating in Croatia, Slovenia, Bosnia & Herzegovina (two banks), Serbia, and Montenegro.
According to Wolf Theiss, "following the announcement on March 25, 2024, of Agri Europe Cyprus Limited’s intention to launch a voluntary partial takeover offer to the shareholders of Addiko Bank, on May 16, 2024, Nova Ljubljanska Banka announced its intention to launch a voluntary offer aimed at control addressed to all shareholders of Addiko."
The Wolf Theiss team included Partners Claus Schneider, Florian Kusznier, Kurt Retter, and Stefan Wartinger, Counsels Christopher Juenger and Christine Siegl, and Associate Klemens Kendler.
The Cerha Hempel team included Partners Albert Birkner, Nadine Leitner, Peter Knobl, and Martin Eichinger, Senior Counsel Wolfgang Sindelar, Senior Associate Alistair Gillespie, and Associates Jakob Weber, Liliana Niederhauser, and Lela Ghoreishi.
The Schoenherr team included Partners Sascha Schulz, Sascha Hoedl, and Peter Feyl, Local Partners Vid Kobe, Peter Gorse, and Matej Crnilec, Counsel Matthias Pressler, and Associate Beatrix Schima.
