Surprise move by the board of directors of Bpm bank who has decided not to take sides in the battle for the renewal of governance of the Monte dei Paschi di Siena (where the Piazza Meda group, including Anima, owns 3,741% of the capital). Based on what has been reconstructed by Radiocor, in fact, the Milanese board, which met on Tuesday, would have passed the ball into the hands of the CEO Joseph Chestnut and the president Massimo Tononi, delegating the final decision to the two of them alone.
Banco Bpm: Castagna and Tononi will decide
In fact, it will be the BPM management delegate, directly during the meeting in Rocca Salimbeni on Wednesday, April 15, who will decide – based on their instructions – how to vote between the list of the outgoing MPS board of directors, that of Tortora, and that of the managers.
The presence of more than is expected at the meeting 68% of the capital, with the sole absence of the Treasury, which has decided to withdraw from the governance game and not deploy its 4,9%. The board of directors is confident of being able to gather around itself the 23-24% of the capital, equal to about 35% of the votes which will be expressed. The impact on the voting capital could be around 50% if Dolphin he will abstain, as more than one person is betting, by not voting for either the two majority lists or the minority one of Assogestioni.
