Criteria sold 5.3% of Caixabank for 1.068 mln eur and 3% discount – Investing.com Spain

MADRID (Reuters) – The main shareholder of Caixabank (MC:), the holding Criteria, sold on Monday by a process of accelerated placement a 5,322 percent of the Catalan bank, in the amount of 1.068 billion euros.

The group has already sold 1.7 percent of the entity in December, reducing its participation to 45 percent. In fact, Criteria had to apply to the installers of the previous placement, Morgan Stanley (NYSE:) and JP Morgan (NYSE:), a waiver over the period of a look-up to not to sell any shares before the close period between the two operations.

Criteria you want to reduce up to 40 percent to its participation in the bank by the end of this year.

The entity sold the titles to 3,3572 euros per share compared to the 3,461 euro closing Monday, which means a discount of almost 3 percent.

Barclays (LON/:) Bank plc, Citigroup (NYSE:) Global Markets Limited, J. P. Morgan Securities plc, Merrill Lynch International and Morgan Stanley & Co have been the placers in the operation.

legal Notice: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.