Blackstone completed the acquisition of Luminor, one of the largest banks in Estonia, Latvia, and Lithuania, from its owners Nordea Bank and DNB for €1bn. "We are excited by the long-term partnership with management, Nordea and DNB and look forward to working together to create a stronger platform to further economic growth in the Baltics. We will continue to support local businesses and strongly believe that Luminor is well-positioned to continue to lead the market as an independent provider of financial services," Nadim El Gabbani, Blackstone Senior Managing Director.