JC Flowers sells 10% stake in OneSavings Bank

Shares in OneSavings Bank fell on Tuesday after private investment firm JC Flowers & Co. sold around 24.3m shares in the challenger bank, equating to a 10% stake.

The shares were sold at 395p each, raising gross proceeds of about £96m.

Citi and Credit Suisse acted as joint global coordinators and bookrunners on the placing.

At 0930 BST, the shares were down 5.4% to 399.20p.