Blackstone $1 billion acquisition of 60% stake in Luminor

30/9/2019
Private acquisition

€ 1 billion

$ 1.138 billion

Completed

30/9/2019


Overview:

  • Private equity firm Blackstone has acquired a 60% stake in Baltic bank Luminor from Nordea Bank and DNB Bank for €1 billion.
  • The deal is the largest M&A transaction in Baltic history.
  • Nordea and DNB will retain an equal 20% equity stake in Luminor, with Blackstone also agreeing to purchase Nordea's remaining 20% stake over the coming years.

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