DNB to sell shares in Luminor
(Oslo, 13 September 2018) DNB and Nordea, which decided to merge their respective Baltic operations in 2016, have entered into an agreement with Blackstone to sell part of their shares in the merged bank, Luminor. Luminor Group was established as an independent Baltic bank in 2017, built on the Baltic businesses of Nordea and DNB. Today, Luminor is the 3rdlargest financial services provider in the region, with a 23% lending market share, €15 billion of assets, 3,000 employees and 64 branches across the region. The buyer is a consortium led by private equity funds managed by