The Malaga businessman Tomás Olivo has become the second largest shareholder of Unicaja Banco after exceeding 9% of the entity’s capital after purchasing shares sold by the Mexican investor Ernesto Luis Tinajero. Olivo, included in the Forbes list, thus reinforces the right he already had to hold a position on the board of directors.
Financial sources assured Efe this Tuesday that this operation has materialized and have explained that, although Olivo López has not asked for a seat on the council. However, out of respect for the second shareholder, he must have a place in that highest governing body of the financial entity.
Tomás Olivo already had 6.74% and now exceeds 9% after taking over, as reported by the newspaper SUR and reported by Efe, with which he has just sold Aivilo Spain, Tinajero’s holding company in Spain, which has divested itself of its stake. of 2.95% in Unicaja Banco for 74.52 million euros.
The Mexican, who was a director of Unicaja, has placed a total of 78,443,075 ordinary shares of the entity with a price of 0.95 euros per title, 2.3% lower than what the bank closed this Monday, at 0.973 euros per share.
A seat on the council
Oceanwood Capital Management LLP produced in August by selling 7.06% of its stake and keeping only 0.35%.
The Unicaja Banking Foundation is the largest shareholder of Unicaja Banco with 30.24%, followed by Tomás Olivo, with more than 9%; Indumenta Pueri SL (the family that owns the Malaga textile group Mayoral), with 8.54%, and the Caja de Ahorros de Asturias Banking Foundation, with 6.67%.
Also significant shareholders (those with more than 3%) are the Norwegian sovereign fund Norges Bank, with 5.40%, and Santa Lucía, SA Cía. of Insurance, with 5.17%, the latter with data updated as of October 30 of this year, since until five days before it had 5% and in August 3.36%.
The board of directors of Unicaja Banco is currently made up of six proprietary directors (representing the property): four from the Unicaja Foundation, one from Indumenta Pueri (Rafael Domínguez) and another from the Caja de Asturias Foundation (Felipe Hernández).
The ‘Malaga block’ of Unicaja
Along with them are six independent directors, one executive – CEO Isidro Rubiales – and the non-executive president, Manuel Azuaga.
The so-called Malaga block of Unicaja Banco regained control of its board of directors on March 30 in a general meeting in which the majority of shareholders, led by the Unicaja Banking Foundation, voted against the ratification of the directors. . independent Isidoro Unda and Maite Costa.
That block, represented by the Unicaja Foundation and shareholders such as the family that owns Mayoral or Olivo, close to President Azuaga, imposed its criteria against the Asturian side at an essential moment for the future of the entity.