Tensions rise ahead ofassembly in Carige on 20 September. Malacalza Investments presented to the Court of Genoa an appeal to ask for that the list of director candidates presented by Pop 12 Sarl is not admitted and indeed that this company is barred from voting together with the other participants in the shareholders' agreement signed on 25 August between Raffaele Mincione, Gabriele Volpi and Aldo Spinelli, which binds 15,198% of the capital.
The reasons for the request, reads a note from Malacalza Investimenti, are based “on violation of banking regulations on authorizations for joint purchases of shareholdings which involve the possibility of exercising significant influence over the bank or which attribute a share of voting rights equal to at least 10%”.
In particular, Malacalza's action is based on lack of authorization by the ECB "necessary for the acquisition of the shareholdings affected by the agreement manifested also with the aforementioned shareholders' agreement". A lack of green light which would exclude, in fact, "the exercise of the right to vote and other rights that allow for influence on the bank".
Pop12, shareholder of Banca Carige headed by Raffaele Mincione, replied in a note: "It is a unfounded and exploitative cause: the extreme attempt to interfere with the formation of the will of the assembly. Although I have not yet had access to the documents, the information reported by the press agencies shows that the reasons in support of the appeal are nothing short of imaginative and distort reality. And it could not have been otherwise since it was operated in full compliance with the rules. It is an action which, in addition to receiving a response in the competent offices, will be reported to the supervisory authorities".
Meanwhile Malacalza Investments, former controlling shareholder of Banca Carige, invested over 18,74 million euro in seven different transactions in August for climb another 3,659% in the institution's capital, thus overcoming the psychological threshold of 24%. The data emerges from the internal dealings on significant equity investments. Between 6 August, the day of its first transaction, and 31 August, Malacalza Investimenti Srl in fact took over two billion ordinary shares of the credit institution on the market, equal to 3,659% of the capital. The latest official data on Malacalza's share of Carige (23,958%) dates back to last August 23, the day of the announcement of the list for the board led by banker Pietro Modiano. The purchases of common shares have continued since then.
