UniCredit Bids for Blackstone-Owned Estonian Bank Luminor, Bloomberg Reports
--Italian lender UniCredit has put forward a bid to buy Baltic bank Luminor, Bloomberg reports, citing unnamed sources.
--Blackstone started a sales process for Luminor earlier this year and Hungary's OTP Bank put forward an offer for the lender last month, Bloomberg reports.
--Private funds managed by Blackstone own around 80% of Luminor--which operates in Estonia, Lithuania and Latvia--while Norway's DNB Bank owns the remaining 20%.
--Luminor, UniCredit, OTP Bank and Blackstone didn't immediately respond to requests for comment from Dow Jones Newswires.
Full story: https://tinyurl.com/426w6yk4
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
June 26, 2024 04:37 ET (08:37 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks