Nordea may sell its Baltic business ({{commentsTotal}})


Nordea Bank AB had decided to sell its Baltic branch and was looking for a buyer, business paper Äripäev reported on Monday, quoting several independent sources.

According to information available to Äripäev (link in Estonian), preparations are underway to sell off the Nordic bank’s Baltic branch in the near future. The paper’s sources see Estonia’s LHV Bank or the British HSBC as potential buyers.

Asked for comment, Nordea stated that as a stock quoted company they couldn’t comment on speculations and hearsay.

Nordea’s profit in the Baltic States recently amounted to €91m, which is more than three times as much as they made in the preceding year. The improved reported profits could be an attempt to make the Baltic branch more attractive to a potential buyer. Nordea’s Baltic business is worth an estimated €1bn.

Editor: Editor: Dario Cavegn

+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.

Ermamaa: The fine art of passing the buck

Admit nothing, blame everyone: those most closely involved in the Ermamaa case don’t need arguments, writes ERR News editor Dario Cavegn.