MADRID, 31 Oct. (EUROPA PRESS) –
The Mexican businessman Ernesto Tinajero has finally decided to sell his entire 2.95% stake in Unicaja Banco, after reporting yesterday at market close that he had commissioned Bank of America to accelerate the placement of his 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 Unicaja’s securities closed on Monday . In total, Tinajero has sold its entire stake for 74.5 million euros.
The sale took place through Aivili Spain, the company through which Tinajero operates in Spain EXIT FROM THE BOARD
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.
Subsequently, in July 2022, his departure as a proprietary director, representing Aivilo Spain, from the Unicaja board was announced in the midst of the entity’s governance crisis and with the aim of facilitating the bank’s having six independent directors.
Tinajero’s departure created a position on the board for the arrival of Maite Costa as an independent, whose appointment was not finally ratified at the last shareholders meeting held at the end of March, after the majority shareholder, the Unicaja Foundation, expressed the “serious doubts” about its independence.
