Following theapproval of liability actions against the old managements, Veneto Banca and Popolare di Vicenza are engaged in the path that will lead to reimbursement of shareholders, who have practically seen each other wipe out the value of their shares. Two days ago the board of directors of the credit institution led by Carrus was held in Milan and, as far as emerges, we are proceeding towards the hypothesis of a transaction with shareholders, refunding 15% of the price paid for the securities.
- shareholders, about 88 thousand, should in return give up taking action against the bank itself. The same line should be followed by BpVi, which has a total of over 100 shareholders.
The disbursement for all transactions should reach 600 million for the two institutions, both controlled by Atlas Fund. The proposal could become reality by January 2017, the month in which Veneto Banca and BpVi are called to present the merger project.
In the meantime, two new boards are expected next week in which the institutes should present the convergence plan.
Savers obviously continue to express their anger at their losses. Just think that the value of the share went from a maximum of €62 to €0,10 in the case of Vicenza and from €40,75 again to 10 cents for Veneto Banca.
As stated Fabrizio Viola, CEO of BpVi as well as councilor of Montebelluna, is necessary restore the climate of confidence. Precisely for this reason Veneto Banca is speeding up the times for activate conciliation tables with i savers, expected by the end of January, and for study a commercial offer that allows you to retain customers.
