2023-11-01 12:00:32
The Mexican businessman Ernesto Tinajero has sold the 2.95% stake in Unicaja Banco that he owned, after instructing Bank of America the accelerated placement of its shares.
Although Tinajero’s intention was to put his entire stake up for sale, the businessman reserved the right to sell less or no shares.
The placement of the 78.4 million shares held by the businessman has been carried out at a price of 0.95 euros per share, which implies a discount of 2.36% compared to the price at which the shares closed. Unicaja on Monday. In total, Tinajero has sold its entire stake for 74.5 million euros.
Tinajero was one of the Liberbank directors who joined the board of Unicaja after the merger by absorption between both entities in July 2021. Before this operation, Tinajero owned 7.4% of the share capital of Liberbank, a position that fell below 3% when the merger occurred.
In July 2022, the departure of Tinajero as proprietary director, representing Aivilo Spain, from the board of Unicaja Bankin the midst of the entity’s governance crisis, with the aim of the bank having six independent directors.
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