MADRID, 2 Ago. (EUROPA PRESS) -

The shares of Unicaja Banco plummeted almost 6% after the Oceanwood fund announced the sale of 7.06% of the bank's share capital for 187.5 million euros.

Unicaja Banco started the trading day down, leading the declines in the Ibex 35, with a fall of 6.13% at 10:00 am, to 0.996 euros per share.

According to the information sent to the National Securities Market Commission (CNMV), Oceanwood has increased to 187.5 million the number of shares that it seeks to sell from Unicaja Banco, at a rate of one euro per share, after making the decision on Monday to partially exit the entity through an accelerated placement process.

This amount represents approximately 7.06% of the share capital of Unicaja Banco, while the total amount of the offer has risen to a total of 187.5 million euros.

Following the completion of the offer, Oceanwood holds approximately 9.3 million common shares of the entity, representing approximately 0.35% of its capital stock.

As a result of the offer, the member of the board of directors of the company appointed by Oceanwood, David Vaamonde Juanatey, has submitted his resignation as proprietary director, motivated by the reduction of the shareholding of Oceanwood Capital in Unicaja Banco.