Corporate | M&A Assignment

Hamilton has acted for Blackstone

Allen & Overy was lead coun­sel and Hamilton pro­vid­ed Swedish law ad­vice to Blackstone on its ma­jor­i­ty stake ac­qui­si­tion in Luminor Bank. Blackstone leads a con­sor­tium of in­vestors com­pris­ing funds man­aged by Blackstone and oth­er long-term in­sti­tu­tion­al in­vestors. Current own­ers of Luminor, Nordea and DNB, will re­tain a 20% stake each.

Luminor is the third largest bank in the Baltic re­gion and was cre­at­ed in 2017 through the con­tri­bu­tion by Nordea and DNB of their re­spec­tive op­er­a­tions in the Baltics. It has EUR15 bil­lion of as­sets, in­clud­ing over 8 bil­lion cus­tomer de­posits, 3,000 em­ploy­ees and 64 branch­es.

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