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Veneto Banca, association of members worried about the merger with Popolare di Vicenza

The newly formed Veneto Banca Shareholders' Association was presented yesterday in Treviso, chaired by the former president of the city Court, Giovanni Schiavon - The association wants to dialogue with the bank's top management but does not hide the concerns of small shareholders about its future and in particular on the proposed merger with Popolare di Vicenza

Veneto Banca, association of members worried about the merger with Popolare di Vicenza

The transformations underway in the banking world, also and above all in relation to the application of the recent reform of cooperative banks which abolishes the per capita vote, "generate not a few concerns also among the shareholders of Veneto Bank” which, having assets exceeding 8 billion euros, it is called within 18 months to transform itself into a spa and probably to merge with other banking institutions. 

In defense of the identity and transparency of Veneto Banca, theVeneto Banca Shareholders' Association, which was presented yesterday in Treviso and which is chaired by Giovanni Schiavon, former president of the Court of Treviso. "We intend to fill the information gaps of the shareholders, including many small savers who have chosen to invest their life savings in the shares of Veneto Banca, facilitating internal comparison and the conscious expression of their will at the meeting".

The new association wants to be the "Voice of the members" and intends to initiate "an ongoing dialogue with the top management of Veneto Banca" and, without making it explicit, leaks all its perplexity about the rumored merger with Popolare di Vicenza led by Zonin. Aversion not due to trivial parochial reasons but to a different vision of the way of doing banking and the refusal to be colonized by the Popolare di Vicenza.

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