According to Bloomberg, Blackstone wants a potential sale price of 1.2 times the company’s book value. The balance sheet value of “Luminor” at the end of 2022 was 1.6 billion euros, writes “Bloomberg”.
“Luminor Bank” branch in Latvia is the fourth largest bank in Latvia in terms of assets.
In October 2017, “Nordea Bank” and “Luminor Bank”, the combined bank of DNB, started working in the Baltic States, while at the beginning of January 2019, the cross-border merger of “Luminor Bank” operating in the Baltic States was completed, with the bank continuing to operate with the central office in Estonia and branches in Latvia and in Lithuania.
In September 2018, it was announced that the US investment company “Blackstone” will become the strategic investor of “Luminor Bank” by purchasing a controlling stake. The investment in the capital of Luminor Bank is planned for a period of five to seven years, with the possibility of extending it, Nils Melngailis, chairman of the supervisory board of Luminor Group, said in an interview to the LETA agency at the time.
2024-01-23 11:09:15
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