Tuesday, November 22, 2016

Gilinski sold in two hours, shares of banco Sabadell – The Herald (Colombia)

Barcelona. The banco Sabadell of Spain closed the placement among qualified investors of a package of actions of the entrepreneur from cali, Jaime Gilinski, representative of the 2,99% of the share capital of the bank, which was sold in two hours.

As reported by the entity to the control body Spanish stock, the amount of the placement on Tuesday amounted to about $ 214 million, with a unit price of the shares of 1.20 euros.

The banco Sabadell had been informed of the operation performed by the fund Itos Holding, controlled by the investor in colombia, until now, owned about 5% of the share capital of the bank, as appearing in the records of the regulatory stock.

The direct and indirect involvement of Itos Holding in Banco Sabadell, will amount to now a total of 114,77 million shares, representative of the 2,04% of the capital.

In this way, Gilinski will no longer be the largest shareholder of Sabadell, while the mexican David Martinez will become the largest shareholder, with about 5% that I already had.

The placement was made by Deutsche Bank, has acted for the account of Itos Holding Sàrl.

The colombian businessman entered as a shareholder of Sabadell in September 2013 through the expansion carried out by the Catalan bank to strengthen their capital.

Itos Holding company has undertaken not to dispose of its participation in Bank of Sabadell during the 90 days following the settlement date of the purchase and sale arising out of the placement, without the consent of the bank.

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