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Investing.com -- Metro Bank’s largest shareholder Jaime Gilinski Bacal is considering selling his majority stake in the British lender, according to Reuters, citing sources familiar with the matter.
The Colombian billionaire, who owns 52.87% of Metro Bank through his Spaldy Investments vehicle, has received interest from potential investors, two people with knowledge of the situation said.
Gilinski, who serves as a non-executive director on Metro’s board, is exploring options for his stake after a recovery in the bank’s share price.
He became the bank’s majority shareholder after playing a key role in Metro Bank’s £325 million ($436 million) equity recapitalization in 2023.
The billionaire’s consideration of a potential sale comes as Metro Bank’s shares have shown improvement since the recapitalization effort last year.
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