Nova Ljubljanska Banka to acquire Addiko Bank for €390m.

Nova Ljubljanska Banka, a Slovenian lender, offered to acquire Addiko Bank, an Austrian banking group with numerous cross-border activities in the Alps-Adriatic region, for €390m. The acquisition is aimed at cementing NLB’s position in former Yugoslavia. and growing already leading market shares in Slovenia, Serbia, Republika Srpska and Montenegro.