UniCredit Bids for Blackstone-Owned Estonian Bank Luminor, Bloomberg Reports

• 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.

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