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Tomás Olivo asks for a position on the Unicaja board for a former Sareb official

Date: July 12, 2024 Time: 16:24:13

The second largest shareholder of the Malaga bank Unicaja, the businessman Tomás Olivo, has requested a position on the board of directors of the entity and has proposed that it be occupied by César Bedoya, who was at Sareb, the Asset Management Company from the Bank Restructuring. From this moment on, the process of confirming the suitability of this candidate proposal by the European Central Bank (ECB) will be followed.

Sources around Olivo, the sixth richest Spaniard according to the Forbes list, have informed the Efe agency of the businessman’s intention to continue increasing his stake in Unicaja, which is now 9.21%, up to 9.95% ( exceed 10%). would require prior authorization from the Council of Ministers for concentration).

The request for a seat on the board was formalized on April 5, the same day that José Sevilla, former CEO of Bankia, became the new non-executive president of Unicaja after the shareholders meeting ratified his appointment as a director. . independent and the board of directors will approve his appointment.

Olivo increased its volume of Unicaja titles

The commercial promoter Tomás Olivo increased his volume of Unicaja securities in October and became the second largest shareholder, by purchasing shares from the Mexican investor Ernesto Luis Tinajero and going from 6.74 to 9.2%, which reinforced the prior right to have a position in the highest body of the entity.

With assets of 3.5 billion euros, Olivo acquired Unicaja shares sold by Aivilo Spain, Ernesto Tinajero’s holding company in Spain, which divested its 2.95% stake for 74.52 million euros (78. 4 million ordinary shares of the entity at 0.95 euros per title).

The role of César Bedoya

For his part, César Bedoya Merino has been in charge of financing sustainable projects at Triodos Bank since October 2022 and was, between 2013 and 2021, director of Restructuring and Recovery at Sareb, a company created to manage and sell problematic old assets. . savings banks and their subsidiaries that received public aid.

Sareb is part of the scheme proposed in 2012 by the Spanish State and the European authorities to recapitalize the financial entities most affected by the 2008 crisis and is the company that absorbed their deteriorated assets.

The sources specify that Bedoya is a reference person in the financial sector and that his proposal was sent to the European Central Bank (ECB) for confirmation of suitability (the procedure known as ‘sit and appropriate’), so it is pending. of the answer.

The largest shareholder of Unicaja

The Unicaja Banking Foundation is the largest shareholder of Unicaja with 30.24%; followed by Olivo, with 9.21%; Indumenta Pueri SL (family owner of the Malaga textile group Mayoral), with 8.54%; the Norwegian sovereign fund Norges Bank, with 7.47%; the Caja de Ahorros de Asturias Banking Foundation, with 6.67% and the insurance company Santa Lucía, with 5.17%.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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