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Brief: Hungary's OTP Bank signs agreement to acquire Luminor Bank

BRIEF-Hungary's OTP Bank signs agreement to acquire Luminor Bank 

- 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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