Blackstone Seeks to Sell Estonia-Based Bank Luminor, Bloomberg Reports
-- 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.-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening in the Markets This Week
-
4 Top Dividend-Paying REIT Stock Picks
-
After Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?
-
P-CAPE: A Better Way for Investors to Estimate Future Returns
-
Which Stocks Have Driven the Stealth Large-Value Rally?
-
Forecasts for Q2 GDP Report Show a Healthy but Slowing Economy
-
5 Stocks to Buy as the Market Rally Broadens
-
4 Top US Travel Stock Picks
-
How Do Interest Rates Affect Stock Market Returns?
-
American Airlines Earnings: Ticket Distribution Misstep Affected Results
-
Going Into Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?
-
3 Top Cybersecurity Stock Picks for Long-Term Investors
-
AbbVie Earnings: Firm Sees Strong Next-Generation Immunology Drugs Sales
-
Ford Earnings: Warranty Problems on Older Vehicles Slam Results
-
ServiceNow Earnings: Operating on a Higher Plane Within Enterprise Software