The US private equity giant Blackstone Group has finalized its 1-billion-euro acquisition of a 60 percent stake in the Baltic bank Luminor.
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Luminor Bank AS is a bank headquartered in Tallinn, Estonia, with branches in Latvia and Lithuania.[3] It is the third largest bank in the Baltics. Luminor has a deposit market share of 16% and lending market share of 22%.
Asylum seekers are not allowed to take up jobs or start businesses in Lithuania until they have been granted temporary or permanent residence, but international and some local experts say that changing the rules would benefit the economy and refugee integration, the daily Lietuvos Žinios reported on...
Polish company Solaris Bus & Coach and Luminor bank will deliver 150 new city buses for 40.486 million euros to the city of Vilnius next year.
Following the decision of the European Commission, Nordea and DNB have successfully combined their operations in the Baltic countries creating a new bank - Luminor.
The name of DNB’s and Nordea’s proposed combined bank in the Baltics will be Luminor. Announcing the new brand is another major milestone in establishing the combined bank.
