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UniCredit SpA is eyeing acquisition of Luminor Estonia Bank and is now vying with Hungary’s largest lender, OTP Bank Nyrt, to acquire the Baltic bank, Bloomberg reported. Estonia-based Luminor, owned by Blackstone Inc., commenced the sale through a lender earlier this year. Blackstone has been seeking about 1.2 times book value in an exit, Bloomberg News has reported. Luminor had about €1.8bn ($1.9bn) of equity on its balance sheet at the end of December, according to filings. The Hungarian bank OTP is also interested in buying Luminor. OTP neither confirmed nor denied that. ‘As the OTP Group …

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