--Italian lender UniCredit has put forward a bid to buy Baltic bank Luminor, Bloomberg reports, citing unnamed sources.

--Blackstone started a sales process for Luminor earlier this year and Hungary's OTP Bank put forward an offer for the lender last month, Bloomberg reports.

--Private funds managed by Blackstone own around 80% of Luminor--which operates in Estonia, Lithuania and Latvia--while Norway's DNB Bank owns the remaining 20%.

--Luminor, UniCredit, OTP Bank and Blackstone didn't immediately respond to requests for comment from Dow Jones Newswires.


Full story: https://tinyurl.com/426w6yk4


Write to Elena Vardon at elena.vardon@wsj.com


(END) Dow Jones Newswires

06-26-24 0437ET