Blackstone approach gives Nordea, DNB a path out of the Baltics
A group of buyers, led by US asset manager Blackstone, are acquiring a majority stake in the Baltic banking unit Luminor, owned by Nordea and Norway's DNB.
Hanna Hoikkala, Niklas Magnusson and Ott Ummelas, Bloomberg News
A investor group under the leadership of Blackstone has agreed to pay Nordea Bank AB and DNB ASA EUR 1 billion in a deal that helps the Nordic lenders cut their exposure to the Baltic region.
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