{"id":39806,"date":"2026-07-20T23:51:00","date_gmt":"2026-07-20T21:51:00","guid":{"rendered":"http:\/\/www.businesswire.com\/news\/home\/20260720920694\/en\/OTP-Bank-to-acquire-Luminor\/?feedref=Zd8jjkgYuzBwDixoAdXmJgT1albrG1Eq4mAeVP39212bri8lIe-zl5tWvCOnRHW3evRMp3sIgu8q3wq1OF24lT93qbEzrwa15HGbLqMObxY5fjCLYi_If30KxIsYuhwbuLAuCkn8FS6sh-I3dfDZEg=="},"modified":"2026-07-20T23:51:00","modified_gmt":"2026-07-20T21:51:00","slug":"otp-bank-to-acquire-luminor","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=39806","title":{"rendered":"OTP Bank to acquire Luminor"},"content":{"rendered":"

\nOTP 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.<\/b><\/p><\/a><\/a>

\nTHIS 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).<\/p>

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\u2019s development as a leading pan-Baltic bank and provides a strong platform for its next phase of growth.<\/p>

\nThe acquisition of Luminor by OTP Bank will support Luminor\u2019s 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 IT platform. Over recent years, Luminor has strengthened materially its business model, grown its customer franchise, and advanced the digitalisation of its operating model.<\/p>

\nWojciech Sass, Chief Executive Officer of Luminor, said:\n<\/b>\u2018This transaction is an important step in our development. Both Luminor and OTP Bank share a clear commitment to customers, long-term value creation and financing the real economy of our home markets. As part of OTP Group, Luminor will have the backing of an experienced international banking group with a strong presence across Central and Eastern Europe. I want to thank Luminor employees for their contribution to Luminor's development and their continued dedication to supporting our customers and the Baltic economies.'<\/p>

\nP\u00e9ter Cs\u00e1nyi, Chief Executive Officer of OTP Bank, added:\n<\/b>\u2019As one of the leading banking groups in Central and Eastern Europe, OTP Group has demonstrated over the past decades its ability to create value in new markets. We invest capital, liquidity and technological expertise into acquired banks and apply a long-term ownership approach. Building on Luminor\u2019s strong market position, our goal is to further strengthen the bank\u2019s role in the Baltic states and contribute to the development of the region\u2019s financial system, lending activity and financial innovation.'<\/p>

\nCompletion of the transaction is subject to obtaining the necessary regulatory approvals.<\/p>

\nThis announcement is released by Luminor Holding AS and Luminor Bank AS and contains information in relation to its listed securities that qualified as inside information for the purposes of Article 7(1) of Regulation (EU) 596\/2014 (the \u2018Market Abuse Regulation\u2019). For the purposes of the Market Abuse Regulation and Article 2 of Commission Implementing Regulation (EU) 2016\/1055, this announcement is made by Wojciech Sass, Chief Executive Officer of Luminor Bank AS and Mari M\u00f5is, Chief Executive Officer of Luminor Holding AS.<\/p>

\n-ends-<\/p>

\nNotes to editors<\/b><\/p>

\nAbout Luminor\n<\/b>Luminor is a leading independent bank in the Baltics and the third-largest provider of financial services in our region. We serve the financial needs of individuals, families, and companies. We are here to improve the financial health of our customers and our home markets, and to support their growth. Further information about us can be found at www.luminor.ee<\/a>.<\/p>

\nLuminor Bank AS, Liivalaia 45, 10145 Tallinn, Estonia\nRegistered in Estonia. Commercial register code: 11315936<\/p> Contacts<\/b>

\nMedia and Investor Relations<\/b>For Media:\nIvi Heldna\nIvi.heldna@luminorgroup.com<\/a>+372 5231 192\n\nFor Investors:\nNick Turnor\nnick.turnor@luminorgroup.com<\/a>+372 5306 7820<\/p>","protected":false},"excerpt":{"rendered":"

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.
\nTHIS ANNOUNCEMENT RELATES TO THE DISCLOSURE …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-39806","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/39806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39806"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/39806\/revisions"}],"predecessor-version":[{"id":39807,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/39806\/revisions\/39807"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}