Gecić Law acted as lead legal counsel to Alta Group in connection with Raiffeisen Bank International AG’s (RBI) voluntary public tender offer to acquire control of Addiko Bank AG. Alta Group took part as an existing Addiko shareholder and as RBI’s contractual counterparty under arrangements relating to the offer.
With acceptances for 56.16% of the Addiko shares subject to the offer, above the 55% minimum threshold, the offer has reached a key milestone. Completion remains subject to the outstanding closing conditions.
As lead legal counsel, Gecić Law advised Alta Group on the principal transactional, regulatory and strategic legal matters arising from the tender offer and embedded transaction. The mandate required the team to navigate the interaction between M&A, takeover regulation, banking regulation, capital markets and securities law, corporate law and cross-border transaction structuring, and to coordinate legal workstreams across the relevant jurisdictions in Southeast Europe and the EU.
“We are very proud to have supported Alta Group as lead legal counsel on this important and highly sophisticated transaction. Reaching this milestone reflects the strength of the work carried out by everyone involved and the close collaboration across teams and jurisdictions. Transactions of this scale demand not only deep legal expertise, but also commercial judgment, precision, and coordination, and we are delighted to have helped our client successfully navigate this critical stage,” said Bogdan Gecić, Founding Partner at Gecić Law.
The Gecić Law team advising Alta Group included Bogdan Gecić, Founding Partner; Miloš Petaković, Partner and Head of the Banking & Finance practice; and Milana Srećkov, Head of Strategy.
Gecić Law worked alongside Fellner Wratzfeld & Partner Rechtsanwälte GmbH (fwp) in Austria and Latham & Watkins LLP in Germany.
We thank Alta Group, and in particular Kosta Džalev, Executive Director, Treasury & Investment Banking, for their trust and close cooperation throughout the transaction.
