Announced
Completed
Financials
Sources
Tags
Acquisition
Private
Private Equity
Majority
Completed
Friendly
leasing
investment loans
banking services
Banks
Lithuania
Cross Border
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.