Hungary's OTP Bank has signed an agreement to acquire Luminor, the third-largest banking group in the Baltic region. The transaction represents OTP Bank's largest acquisition to date.
Hungary's OTP Bank Signs Agreement to Acquire Baltic Lender Luminor
The deal marks the largest acquisition in OTP Bank's history.
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Following the acquisition, OTP Group is set to expand its geographical presence to 14 countries. Additionally, the transaction is expected to boost the group's total assets by more than 10%.
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