JC Flowers sells 10% OneSavings Bank for £96m

Aidan Gregory

March 28, 2017 09:00 am

LSE_PA_230x150 — A woman walking past the building of the London Stock Exchange in London, Egnland, 24 June 2016. The British voted for leaving the European Union in a referendum, which caused worldwide stock exchanges to tumble. PHOTO: MICHAEL KAPPELER/dpa | Michael Kappeler/DPA/PA Images

Shares in OneSavings Bank, the UK challenger bank, closed 6.2% lower on Tuesday after US private equity firm JC Flowers & Co completed its second block trade of stock in the bank since its £143m IPO in June 2014.

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Topics

Credit Suisse Equity ABBs-Block Trades UK Europe EMEA

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Aidan Gregory