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Blackstone declined to comment on the information.
However, according to Bloomberg sources, the US company is asking for around 1.2 times its book value when selling the bank. According to the documents, it was 1.6 billion in 2022. Euro.
As of September 2022, Blackstone owns 80 percent of Luminor Holding shares. The remaining 20 percent of the share package is managed by the Norwegian DNB Bank via the Swedish company DNB Baltic Invest.
Žygimantas Gedvilas/BNS Photo/Luminor
In 2018, “The Blackstone Group” and its led consortium of DNB and “Nordea” made a $1 billion purchase. bought at 60.1 percent of the euro. Luminor Holding shares.
DNB and Nordea then each retained 19.95 percent. shares, and Blackstone has committed to acquiring Nordea’s remaining shares in the future – in December 2021, the company acquired 8.4 percent. Shares.
The Estonian publication Postimees spoke to Kristel Kivinurm-Prisalm, partner of the investment fund Avaron Asset Management, who assessed the possible sale of Luminor.
– Is Luminor even sellable in the current market situation?
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