Hungary's OTP Bank has agreed to acquire 100% of Luminor — the third-largest financial-services provider in the Baltics (€158M net profit in 2025) — from a consortium of Blackstone-managed funds and DNB. The transaction expands OTP from 11 to 14 countries and lifts its total assets by roughly 13%, making it the largest acquisition in OTP's history. It remains subject to regulatory approval; Lithuania's central bank has publicly questioned OTP's operations in Russia.
If any of these deals looks like your business, get a confidential read on your options — valuation, buyer demand, and timing. Reviewed personally.
Start confidentially →