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20.07.26 - 21:24
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DNB Bank ASA: Agreement to divest shareholding in Luminor Holding AS (Cision)
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A wholly owned subsidiary of DNB Bank ASA (“DNB”), DNB Baltic Invest AB, has entered into an agreement to divest its entire shareholding in Luminor Holding AS (“Luminor”) to OTP Bank Plc. (the “Acquirer”).
Luminor Holding AS is a regulated holding company owning 100% of the shares in Luminor Bank AS, a leading banking group in the Baltic region under the supervision of the European Central Bank (ECB).
Luminor was established in 2017 through the merger of the Baltic operations of Nordea Bank Abp and DNB Bank ASA ("DNB"). Since 2019, a consortium of private equity funds managed by...
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20.07.26 - 20:54
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OTP Bank to acquire Luminor (Business Wire)
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OTP Bank to acquire 100% of the shares of Luminor Holding, the parent company of Luminor Bank, from a consortium of private equity funds managed by Blackstone, and DNB Bank, subject to regulatory approvals.
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (REGULATION (EU) 596/2014).TALLINN, Estonia--(BUSINESS WIRE)--Today, Luminor announces that its shareholders, a consortium of private equity funds managed by Blackstone, and DNB Bank, have agreed to sell their shares in Luminor Holding to OTP Bank. The transaction marks an important milestone in Luminor's development as a leading pan-Baltic bank and provides a strong platform for its next phase of growth.
The acquisition of Luminor by OTP Bank will support Luminor's strategy to strengthen further its position as a top three, universal, pan-Baltic bank, with a digital-first operating model, demonstrated track record, and a modern and scalable...
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28.04.26 - 08:24
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Orbán Vs Magyar: Did The EU Get Played? (ZeroHedge)
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Orbán Vs Magyar: Did The EU Get Played?
Authored by Arthur Schaper via American Greatness,
Viktor Orbán, the valiant populist, the restorer of the Christian faith in Hungary, the welcome thorn in the side of the EU establishment, and the strong ally of President Trump since his first bid for office, has lost his own re-election bid. I had a feeling it would come to this.
Sixteen years of uninterrupted administration as a strong force for conservative, right-wing nationalist populism have come to an end, at least with Orbán as the head of it.
Sometimes, voters have a strange fatigue when it comes to governments. Fourteen years of a “conservative” UK government ushered in the Labour Party in 2024. However, fatigue doesn't explain Orbán's crushing loss.
What set that off?
Corruption charges and the argument that his administration had looked the other way when sex abuse scandals broke out at a local school.
Economics reared its ugly head, as well, since the EU was cutting off its fundin...
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13.04.26 - 14:01
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Iran War: Trump Vows to Blockade Hormuz & Hungary′s Orban Concedes Defeat | The Pulse 4/13 (Bloomberg)
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today's guests: Dan Scott, Chief Investment Officer and Head of Multi Asset at Vontobel Asset Management, Sherrill Stroschein, Politics Professor at University College London & Elisabeth Braw, Senior Fellow at the Atlantic Council. (Source: Bloomberg)...
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