Brief: Hungary's OTP Bank signs agreement to acquire Luminor Bank
BRIEF-Hungary's OTP Bank signs agreement to acquire Luminor Bank July 20 (Reuters) - OTP Bank Nyrt OTPB.BU says in a statement:
OTP SIGNED A SHARE PURCHASE AGREEMENT TO ACQUIRE 100% OF THE SHARES OF LUMINOR HOLDING, THE PARENT COMPANY OF LUMINOR BANK
OTP BUYS LUMINOR FROM A CONSORTIUM OF PRIVATE EQUITY FUNDS MANAGED BY BLACKSTONE, AND DNB BANK
LUMINOR BANK OPERATES IN THE BALTIC REGION
LUMINOR'S TOTAL ASSETS WERE €15.9 BILLION IN 2025
LUMINOR'S PROFIT AFTER TAX AMOUNTED TO €158 MILLION IN 2025
COPLETION OF THE TRANSACTION IS SUBJECT TO OBTAINING THE NECESSARY REGULATORY APPROVALS
Source text: [https://www.bse.hu/newkibdata/129504007/260720_Luminor_207_e.pdf]
Further company coverage: OTPB.BU
(Reporting by Anita Komuves)
((KOMUVES.Anita@thomsonreuters.com;))
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