The name Addiko is a big name in the Balkans. The successor to Hypo Alpe Adria, based in Vienna, is therefore considered an attractive takeover candidate – especially for two Serbian magnates.
The name Addiko is a big name in the Balkans. The hamster mascot in particular has great appeal in Serbia – probably thanks to the high demand for cheap consumer loans. That’s why the lean, growing bank is one of the biggest players there, especially in terms of customer operations.
The successor to Hypo Alpe Adria, based in Vienna, is therefore also considered an attractive takeover candidate – especially for two Serbian magnates: “Sugar baron” Miodrag Kostić and currency broker Croesus Davor Macura are currently vying for power. Macura has already purchased ten percent of the shares of his ALTA Group, including additional options, and has thus probably surpassed his opponent.
The head office must remain in Austria
He is already confident of victory. However, he still sees the bank’s future in Austria. “Addiko’s headquarters will remain in Vienna. We find continuity and learning from the best very important.”
The main purpose of the acquisition is: The path of Europeanization and the already important recognition of European regulations in the ALTA Group should be the driving element of the expansion and further development of both companies through the investment in Addikko Bank.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
