Mergers & Acquisitions
Raiffeisen Bank International Expects to Retain All Addiko Subsidiaries as Alta Carve-Out Stalls
By News Desk ·
Key takeaways
- Raiffeisen Bank International expects to retain ownership of all Addiko subsidiary banks, including its Serbian bank.
- Alta Group is no longer expected to secure carve-out approvals after Serbia's central bank revoked Alta Banka's banking license.
- Raiffeisen received acceptances for 9,890,151 Addiko shares, or 50.72% of issued shares, at EUR 23.05 per share in June 2026.
Raiffeisen Bank International expects to retain ownership of all Addiko subsidiary banks, including its Serbian bank, The future of trading reported on November 1, 2026. Alta Group is no longer expected to secure carve-out approvals following the Serbian central bank's revocation of Alta Banka's banking license.
Raiffeisen's Addiko Subsidiary Retention
Raiffeisen Bank International is an Austrian banking group operating across Central and Eastern Europe, serving large corporates, SMEs and financial institutions with corporate banking, trade finance, cash management, project finance and digital banking. Addiko Bank is the target whose subsidiary banks Raiffeisen now expects to keep.
The expectation that Raiffeisen retains all Addiko subsidiaries follows the Serbian central bank's revocation of Alta Banka's banking license. Alta Group had been positioned to take on carve-out assets, and the loss of that approval path leaves the subsidiary banks with Raiffeisen.
Addiko Bank reported a net loss of EUR23 million for the first half of 2026, primarily due to EUR41 million in provisions related to Swiss Franc legal issues, according to Yahoo. Addiko Bank also reported a swing to a loss in the first half of 2026 driven by costs associated with Swiss Franc litigation and expenses related to a takeover, SeeNews reported.
Addiko Stake and Raiffeisen Deal Terms
Raiffeisen received acceptance declarations for 9,890,151 shares of Addiko Bank AG representing 50.72% of all issued shares in a voluntary public takeover offer at EUR 23.05 per share, with the acceptance period closing July 22, 2026, according to akta.pro company records. The same records list four funding rounds, including a 2025-07 post-IPO debt round and a 2024-05 post-IPO debt round of $13.6 million led by the European Bank for Reconstruction and Development.
Raiffeisen Leadership and Financing Before the Addiko Deal
In October 2026, the EBRD and Raiffeisen Bank Serbia expanded financing for Serbian MSMEs under an EU-backed scheme, providing a €35 million portfolio guarantee covering 50% of credit risk, Request Blocked reported. In September 2026, Raiffeisen Bank International said an internal review found no evidence to support Grizzly Research's allegations, with the review covering nearly 200 items, Bloomberg reported. In August 2026, Raiffeisen Bank International's new chairman, Michael Höllerer, was tasked with resolving the bank's Moscow operations, FAZ.NET reported.
Addiko Subsidiary Timeline
Raiffeisen's expectation that it retains all Addiko subsidiary banks, including the Serbian bank, follows the Serbian central bank's revocation of Alta Banka's banking license, as stated in the November 1, 2026 announcement.