The scenario that the market was expecting has occurred. Denis Dumont managed to win the majority of Creval. A historic turning point for the Valtellina bank but also for the entire Italian banking sector.
The Credito Valtellinese shareholders' meeting elected today, 12 October, the first board of directors of the Dumont era. The shareholders - 45,55% of the share capital were present - elected list number 69,9 presented by Dumont's Dgfd with 2% of the votes against the 29,69% obtained from list number 1 of Assogestioni (on behalf of the shareholders Arca Fondi, Eurizon Capital Sgr, Fideuram Investimenti Sgr., Mediolanum Gestione Fondi)
Therefore, Alessandro Trotter, Stefano Caselli, the CEO enter the board. outgoing (who is moving towards a new confirmation) Mauro Selvetti, Fausto Galmarini, Elena Beccalli, Massimo Massimilla, Livia Aliberti Amidani, Massimiliano Scrocchi, Teresa Naddeo, Paola Bruno and Carlo Crosara. Furthermore, from Monday 15 October, Luigi Lovaglio, will in all likelihood assume the office of president in place of Miro Fjords.
For the minority list presented by the funds, Anna Doro, Serena Gatteschi and Stefano Gatti join the board.
We recall that today's meeting was convened precisely at the request of Dumont precisely to revoke the now former board of directors and elect the new board. Great absent Miro Fiordi, who did not participate in the meeting, in order to avoid further friction: "I deliberately took a step to the side, with the intention of not inciting any controversy, avoiding any confrontation, in the interest of the bank and I remain faithful to this choice", Fiordi explained to MF-Dowjones the manager. “We managed to have the internal models validated, obtaining a good capital advantage, we completed the sale of the Npls and obtained the state public guarantee (Gacs). The board quickly achieved what was indicated in the business plan and is now delivering to the new shareholders a more solid bank with good liquidity to face future challenges more easily ”, he concluded.
“We are satisfied with the result, definitely”, commented Pierre Mestdagh, president of Dgfd, the holding company through which the French entrepreneur Denis Dumont controls 5,12% of Credito Valtellinese, at the conclusion of the meeting. The manager then ruled out for the time being that Dumont would increase his shares in the Institute's capital. “I think we will stay at the current level,” he explained.
In Piazza Affari, Creval shares currently gain 0,96%.
