PRESS RELEASES

• Blackstone to Acquire €1 billion Majority Stake in Luminor Through a Corporate Partnership

  Luminor, one of the leading banks in Estonia, Latvia, and Lithuania announced today that it has entered into a new strategic corporate partnership with a consortium led by private equity funds managed by Blackstone (“Blackstone”). As part of the transaction, the consortium will acquire a 60% majority stake in the bank alongside its current owners Nordea Bank AB (“Nordea”) and DNB BANK ASA (“DNB”) for a cash consideration of €1 billion.

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INSIGHTS

• Joe Zidle: This is a Bull’s Dream

  With this bull market officially becoming the longest in history, a jittery investing public reasonably raises concerns that this marathon may soon come to an abrupt finish line.