Banca Carige at the bottom of the list of Piazza Affari the day after the board of directors which called the extraordinary meeting for 30 September which will have to elect the new top management. The market, which precisely in view of the turnover and the consequent changes to governance had rewarded the share with a +29% from 6 August to yesterday, is now moving on to the realizations waiting to understand what the effects will be on the strategies and the restructuring plan of the 'institute.
Carige shares thus lost 6,5% at the opening to 0,4815 euro with 2 million traded compared to the 3,3 million on average in an entire session in the last month. The era of Giovanni Berneschi, who has been at the head of the bank for 30 years, but has recently come to loggerheads with the reference shareholder Fondazione Carige, will end with the meeting on 25 September. In any case, investors are primarily interested in understanding how the balance of the new corporate governance will be articulated and which paths they will choose to take to achieve the goal of strengthening the institution's capital, for which 800 million are needed. The capital increase is not certain but it is certainly a possibility on the table. And in that case the Foundation could not follow him, paving the way for new members.
During the morning, however, the stock recovered, reaching positive territory after 11.
