Nordea and DNB have agreed to jointly sell a 60 percent stake in Luminor to a consortium led by Blackstone. Nordea and DNB will each continue to own 20 percent. Luminor was formed by the 2016 merger of Nordea's and DNB's operations in Estonia, Latvia, and Lithuania. Nordea will sell a 36 percent stake resulting in a gain of 600M EUR and DNB a 24 percent stake for 400M EUR.
