Blackstone Completes the Acquisition of Euros1 Billion Majority Stake in Luminor
September 30, 2019
September 30, 2019
NEW YORK, Sept. 30 -- Blackstone, an investment firm, issued the following news release:
Luminor announced today the acquisition of a 60% majority stake in the bank by a consortium led by private equity funds managed by Blackstone. The bank's current owners, Nordea Bank Abp ("Nordea") and DNB BANK ASA ("DNB"), will each retain a 20% equity stake in Luminor.
The consortium, which includes a wholly-owned subsidiary of the Abu Dhabi Investment Authority . . .
Luminor announced today the acquisition of a 60% majority stake in the bank by a consortium led by private equity funds managed by Blackstone. The bank's current owners, Nordea Bank Abp ("Nordea") and DNB BANK ASA ("DNB"), will each retain a 20% equity stake in Luminor.
The consortium, which includes a wholly-owned subsidiary of the Abu Dhabi Investment Authority . . .