With the sale of 17% of the capital by Unicredit, Finecobank has become a real public company. 82% of its shares are free float. Here are the effects of the operation Mustier, the CEO of Unicredit who wanted to break the ties between the large banking group he leads and the agile managed savings bank built by Alessandro Foti: today Unicredit, which has deconsolidated the stake, maintains only 18% of Fineco.
Just Foti explains the news of the operation and its repercussions: "Now - says the CEO of Finecobank - we are independent from the Unicredit group and we have become to all intents and purposes a public company, a company with widespread capital, one of the most important in 'Italy". For our country it is almost a rarity, unlike what happens in the Anglo-Saxon world.
“On a practical level – continues Foti – we continue on the road started twenty years ago but we become contestable. If we do very well, there may be shareholders willing to pay a higher price for our shares. If, on the other hand, the companies are badly managed, the management changes.
But Fineco's management has demonstrated over the years that it is among the brightest. However, now there are no more seat belts: the word is on the market.
