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BRIEF-J.C. Flowers sells 10 percent in Onesavings Bank, gross proceeds of 96 mln pounds
March 28, 2017 / 6:17 AM / 6 months ago

BRIEF-J.C. Flowers sells 10 percent in Onesavings Bank, gross proceeds of 96 mln pounds

March 28 (Reuters) - Funds managed and advised by J.C. Flowers & Co. LLC have sold 24,300,000 shares representing approximately 10 percent of share capital in Onesavings Bank

* Shares were sold at 395 pence per share, equating to gross proceeds of approximately 96 million pounds ($120 million)for JCF Funds

* Citi, Credit Suisse acting as joint global coordinators and joint bookrunners in transaction and N M Rothschild & Sons Ltd acting as financial adviser to J.C. Flowers & Co. Llc Source text for Eikon: Further company coverage: ($1 = 0.7974 pounds) (Reporting by Dasha Afanasieva)

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