Blackstone to acquire €1 billion majority stake in Luminor Bank
Luminor, one of the banks in Estonia, Latvia, and Lithuania announced today that it has entered into a new strategic corporate partnership with a consortium led by private equity funds managed by Blackstone. As part of the transaction, the consortium will acquire a 60% majority stake in the bank alongside its current owners Nordea Bank and DNB Bank for a cash consideration of €1 billion.
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