Raiffeisen Bank International AG has cleared a significant hurdle in its pursuit of Addiko Bank AG, with shareholders tendering over 55% of their shares. This response meets the minimum threshold required for Raiffeisen's €517 million acquisition offer to proceed.

The successful tender represents a crucial step for Raiffeisen, signaling substantial backing from Addiko's investors. The offer, which aims to consolidate banking operations, now moves closer to completion.

Further details on the finalization of the deal and integration plans are expected as the process continues.