The boards of directors of the Popular Bank of Vicenza need Veneto Bank they will decide and communicate the operation today reimbursements to members which saw their shares depreciate on the occasion of their transformation into a joint stock company. The intention is to propose to the shareholders of waive all litigation in exchange for a 15% refund of the value of the shares for a total of 600 million.
If the repayment operation goes through, the new number one of the Veneto banks, Fabrizio Viola, a trusted man of the Atlante fund who participated in the recapitalization and who fully controls the two institutions grappling with a difficult bailout, will proceed step by step towards the merger between Popolare di Vicenza and Veneto Banca, which alarms the unions due to the size of the redundancies but which, as things stand, does not seem to have any alternatives.
Tomorrow it will return to the fore instead the Bpm Bank, back from a glittering week on the Stock Exchange in which he scored a rise of 27%: the Board plans to complete the organizational chart of the new bank with the formation of internal committees (remuneration, appointments, related parties, internal control and risks). But the curiosity of Piazza Affari above all concerns the formation of a possible hard core of long-term shareholders which will give stability to the bank after the whirlwind share trading of recent days.
The spotlight is also on Where's Banca which, barring surprises, in the coming days should complete the purchase at the symbolic price of one euro (but with an imminent capital increase of 400-500 million) of three of the four Good Banks for sale, i.e. Banca Etruria, Marche Bank e Charge yourself.
Finally, on Thursday the assembly of Unicredit, which will take place in Rome, will launch the highly anticipated capital increase of 13 billion with which the CEO Jean Pierre Mustier intends to definitively secure the Bank, whose shareholding is destined to become more international and which in these days will discuss with the unions the launch of the demanding redundancy plan.
