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BREAKING NEWS

Addiko bank plans to raise up to 258 million euro in IPO

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VIENNA (Reuters) – Austria-based bank Addiko, which has a strong presence in the Balkans, plans to raise up to 258 million euros (230 million pounds) from a placing of new shares in Vienna, it said on Tuesday.

Addiko said it would offer 9,750,001 shares and an over-allotment option of up to 1,462,500 existing shares in a price range of 19 to 23 euros per share.

The bookbuilding period is scheduled for June 25 to July 9. First day of trading is planned for July 11.

(Reporting by Kirsti Knolle, Arno Schuetze; Editing by Riham Alkousaa)

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