The end of the settlement offers (Opt) proposed by Banca Popolare di Vicenza and by Veneto Banca to their shareholders in exchange for the waiver of claims for compensation is shortly left. The deadline was supposed to expire today, with the branches of the two institutes open until 18.45 pm, but the deadline was extended to Tuesday 28 March, to try to get other members to join.
The lines will therefore be drawn on Tuesday 28 March, when, according to what has been learned, the Boards of Directors of both institutes will meet, which will have to evaluate the outcome of the Opt and, consequently, estimate the provisions necessary to cover the risk represented by the requests for unclaimed compensation. Also in view of the approval of the 2016 financial statements and in the light of the request, already presented, for a precautionary recapitalization by the State.
Both in Vicenza and in Montebelluna, the hope is that the opts can be closed with at least 70% of adhesions, a threshold lower than the 80% initially indicated as an objective but sufficient, according to observers, to defuse at least in part the risk linked to reparations and therefore to allow the State to enter the capital. To date, according to financial sources, membership for both institutes is "between 60% and 70%".
