Blackstone Seeks to Sell Estonia-Based Bank Luminor, Bloomberg Reports
23 1월 2024 - 4:39AM
Dow Jones News
-- Blackstone is in talks with potential advisers for a sale of
its Tallinn, Estonia-based bank Luminor, Bloomberg reports, citing
people familiar with the matter.
-- The sale could take place later in the year, the people said,
according to the report.
-- Bloomberg reports that the private equity company is aiming
for a valuation of 1.2 times the book value of the business for a
potential sale.
-- Luminor had a book value of 1.6 billion euros (equivalent of
about $1.74 billion) in 2022, Bloomberg reports.
Full article at
https://news.bloomberglaw.com/banking-law/blackstone-is-said-to-prepare-baltic-bank-luminor-for-a-sale
Write to Zaeem Shoaib at zaeem.shoaib@wsj.com
(END) Dow Jones Newswires
January 22, 2024 14:24 ET (19:24 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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