tiprankstipranks
S-Quad Acquires 9.99% Stake in Addiko Bank AG
Company Announcements

S-Quad Acquires 9.99% Stake in Addiko Bank AG

Story Highlights

Pick the best stocks and maximize your portfolio:

An announcement from Addiko Bank AG ( (ADBKF) ) is now available.

Addiko Bank AG announced a significant change in its shareholding structure as S-Quad Handels- und Beteiligungs GmbH acquired 9.99% of the bank’s shares. This transaction marks a strategic shift in the bank’s ownership, potentially impacting its governance and future strategic decisions, as Alexander Schütz and his associated entities are now major stakeholders.

More about Addiko Bank AG

Addiko Bank AG operates in the financial services industry, primarily offering banking services in Austria. The company is listed on the Vienna Stock Exchange and has a focus on retail and corporate banking.

YTD Price Performance: 32.68%

Average Trading Volume: 135

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $384.2M

For an in-depth examination of ADBKF stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks TipRanks Germany Auto-Generated NewsdeskAddiko Bank AG Updates Share Transfer Report
TheFlyAddiko Bank upgraded to Buy from Accumulate at Erste Group
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App