“I think that in 2014 there will be the internal conditions to face the transition. First we will have to complete the process of reviewing the industrial plan under way in Brussels”. The managing director of Mps, Fabrizio Viola, said this in an interview with Il Sole 24 Ore, in reference to the timing of the capital increase. "I also believe it is necessary to give the market concrete results from an economic point of view - he added -, since the operation will mainly be aimed at institutional investors, who want to verify the solidity of the recovery process in order to participate".
The industrial plan, explains Viola, will see the light "no later than June, as established, then I hope that the go-ahead from the Commission will arrive by the summer". As for the possibility of avoiding nationalization, the CEO of the Bank replies: "We are working in this direction, the tools envisaged by the business plan to achieve the goal are the return to profitability, cash in on sales and launch the capital increase from one billion without option rights, already approved and delegated to the board. On these fronts we are fully committed. It is one thing to have the State as a minority shareholder, another matter to hypothesize that the majority becomes public: a scenario, the latter, certainly possible, which however the bank is committed to avoiding”.
At the opening of Piazza Affari, the MPS share is up 0,2%.
