Blackstone-led consortium completed the acquisition of an additional 11.6% stake in Luminor, a bank, from Nordea, a financial services group. Financial terms were not disclosed. "Our improving performance, solid financial standing and prudent risk management means that Luminor, under the executive leadership of Peter Bosek, is well placed to continue the positive momentum it has shown in recent years. This will allow us to expand our activities with individuals and companies across all three Baltic countries," Nils Melngailis, Luminor Chairman.