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Carige, Malacalza list ticks: Modiano president

The shareholders' meeting of the Ligurian bank voted in favor of the Malacalza family for the composition of the new Board, which will be made up of 11 directors – The takeover of Mincione fails and now the hypothesis of a merger is moving away: "Let's restructure first" , said the new president – ​​Lucrezia Reichlin appointed vice president – ​​Stock in decline.

Carige, Malacalza list ticks: Modiano president

Check Malacalza, who will have the majority in the new board of Banca Carige, appointed today after a fiery shareholders' meeting. The list presented by the holding company headed by the Bobbio banker was supported by 30,55% of the capital (52,58% of the voters), with the financier Raffaele Mincione, the most accredited rival on the eve with the list that also included the shareholders Gabriele Volpi and Aldo Spinelli, still at 16,77%, Assogestioni at 8,85% and Coop Liguria at 1,8%. Now, according to initial calculations, the Malacalzas could have 7 directors out of 11 on the new board. Among other things, it was Malacalza Investimenti who asked and obtained to bring the number of directors to 11, while Mincione had asked to bring it to 15. The new president, expressed by the Malacalza family, is therefore Pietro Modiano, head of the list, while Lucrezia Reichlin was elected vice president of the Ligurian institute.

“First we have to restructure the bank”, Modiano had said to the shareholders, at the opening of the meeting, when asked about the possibility of proceeding immediately with a merger or aggregation, as his opponent Mincione had hoped for some time. The intention of avoid for the moment the hypothesis of a merger of Carige with other institutions had also been expressed during the day by the legal representative of Vittorio Malacalza, Francesco Gatti, who reiterated that the industrial project presented by Pop12 of Mincione for Carige is "unrealistic and dangerous because the risk is that if the aggregation does not succeeds and goes into liquidation. To date, no bank is willing to marry Carige”. Gatti then increased the dose: “The current management has failed and certainly not because it was hindered by the conflict of governance: the current managing director has shown himself unable to complete the bank's recovery process. Dismembering and selling off, creating the illusion of an aggregation, with groups that as soon as they are mentioned declare that they are not interested, is not and will never be our recipe”, concluded Malacalza's lawyer.

Signals had already arrived in the morning for Malacalza, who had, so to speak, won a first round of the challenge by bringing home the nomination of his candidate to the board of statutory auditors as standing auditor of the Ligurian bank: the candidate Stefania Bettoni obtained the favorable vote of 55,7% of the shares admitted to the vote for that office and 32% of the share capital of Carige. The new composition of the Board was also expected by the markets, with the share that has been traveling at very low values ​​in Piazza Affari for some time and which still today, in mid-afternoon and after the outcome of the meeting, loses more than 2% to 0,0086 euros per share.

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