Advising the Blackstone Group and its co-investors in the acquisition of a majority stake in Luminor Bank AS and its subsidiaries for EUR 1 bn

Ellex advised Blackstone in the acquisition of a majority stake in Luminor for EUR one billion.

As part of the transaction, the consortium will acquire a 60% majority stake in Luminor from its current owners Nordea Bank AB and DNB Bank ASA for cash consideration of €1 billion.

Linked Experts

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Alla Kuznetsova

Senior Associate / Estonia
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Helen Ratso

Senior Associate / Estonia
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Raino Paron

Partner / Estonia
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Sven Papp

Partner / Estonia