Nordea has completed the sale of Luminor to Blackstone
On 13 September 2018, Nordea Bank Abp and DNB announced an agreement to jointly sell 60 per cent of Luminor to a consortium led by private equity funds managed by Blackstone (“Blackstone”). As announced, the transaction was subject to customary regulatory approvals. Those approvals have now been received and the deal is closed as of today. The decision for Nordea to sell the shares in Luminor is pursuant to Nordea’s overall ambition to simplify and focus its operations to the Nordic core markets and become an even better bank for its customers. As communicated in connection to the