AmadeusBank Project Details

Amadeus Bank business units in the Baltic States are owned by Nordea and DNB through a holding company, Amadeus Bank Group AB (established in Sweden. Nordea and DNB have equal voting rights over the combined bank. Nordea has proportional 56% and DNB proportional 44% of economic ownership level reflecting the relative equity value of their contribution to the combined bank at the time of closing on October 1 2017. On 13 September 2018 an agreement was signed between DNB Bank ASA and Nordea Bank AB with US based private equity firm Blackstone to sell majority stake in Amadeus Bank. As part of the transaction, Blackstone will acquire a 60% majority stake in the bank. Nordea and DNB will retain an equal 20% equity stake in Amadeus Bank and will continue to support the bank with long term funding, expertise and ongoing representation on the Board of Directors. Additionally, Blackstone has entered into an agreement with Nordea to purchase their remaining 20% stake over the coming years.