There will be no challenge between ministers for the presidency of Banca Popolare di Milano and the news, after the rally (+3,4%) of last week, is cooling investors a bit: BPM shares lose 0,51% opening a Business Square at 0,4492 euro.
Former premier Lamberto Dini has in fact renounced leading the list that could count on the support of Raffaele Mincione, the institute's second shareholder with 7,02%. On the contrary, Dini himself advised Mincione "not to present a list in the name of his investment fund". The decision came after a confrontation with the national unions, compact in favor of the former minister Piero Giarda.
Dini accused the unions of wanting to maintain the status quo by contravening the indications of the Supervisory Authority, starting with the need to subscribe to the capital increase for 500 million, destined to fail without a change in governance. Unless, concludes Dini, “the increase is subscribed by the employee and retired members or by the union secretariats.
