Unicaja Banco, S.A. €756 Million Initial Public Offering
Davis Polk advised the joint global coordinators and representatives of the several underwriters in connection with the €756 million Rule 144A/Regulation S initial public offering of 687,500,000 ordinary shares of Unicaja Banco, S.A., including ordinary shares sold pursuant to the full exercise of the underwriters’ over-allotment option. The global offering comprised an offering to institutional investors within and outside of Spain. The ordinary shares are listed on the Spanish Stock Exchanges.
Unicaja is a Spanish retail bank based in Málaga, Spain. As of December 31, 2016, Unicaja had €57.2 billion in total assets and served around 2.7 million individuals and 442,000,000 small- and medium-sized companies, corporates and self-employed persons, with a primary focus on the regions of Andalucía and Castilla and León.
The Davis Polk capital markets team included partners Michael J. Willisch and Simon Witty, associates Thomas K. Wiesner II and Jessica Hui and former summer law clerk Ariel Rivera. The tax team included partner John D. Paton and associate Veronica Orecharova. Members of the Davis Polk team are based in the Madrid and London offices.