Here’s how Unipol took a scoppola in Bper
What happened during the Bper shareholders' meeting that elected the new board of directors of the bank controlled by Unipol. Facts, names, numbers and insights
Scoppola for Unipol at Bper. This is what happened to the insurance group led by the CEO, Carlo Cimbri, who is the main shareholder of Banca Popolare dell'Emilia Romagna with 18.9% .
THE OUTCOME OF THE SHAREHOLDERS 'MEETING OF BPER
Green light yesterday from the shareholders' meeting of Bper Banca to the new board of directors for the next three years. It is made up of 15 members: 7 places go to the reference shareholder, Unipol, 3 to the funds, which place all its representatives, resulting in the most voted list, and the remaining 5 to the Fondazione di Sardegna, a Bper shareholder with 10.2% .
THE NEWS IN BPER
Here are the news as summarized today by Corriere della Sera : "The new leaders wanted by Unipol are established at the top of Bper, with Piero Montani CEO and a female president: Maria Mazzarella , 62, current number one of Banca Finnat, previously for a long time at the top of Ivass and before that at the Treasury (1994-2002) where she was director of privatizations in the era of Mario Draghi general manager. But the other news is that the great partners of the former Emilian People's Republic led by Alessandro Vandelli until yesterday failed to win the meeting ”.
HERE ARE THE ELECTED IN THE BOARD OF BPER
In detail – underlines Mf / Milano Finanza – list 1, presented by the Trevisan & Associati law firm on behalf of 11 managers, obtained 44.26% of the votes (23.71% of the total capital); list 2, presented by the Fondazione di Sardegna, obtained 19.76% of the votes (10.59% of the share capital); Unipol list 3, 35.29% of the votes (18.91% of the share capital).
THE NAMES OF THE NEW BPER ADVISERS
The following results were elected: Silvia Elisabetta Candini (list 1), Flavia Mazzarella (list 3), Alessandro Robin Foti (list 1), Riccardo Barbieri (list 2), Piero Luigi Montani (list 3), Marisa Pappalardo (list 1), Gianni Franco Papa (list 3), Alessandra Ruzzu (list 2), Elena Beccalli (list 3), Maria Elena Cappello (list 3), Gianfranco Farre (list 2), Gian Luca Santi (list 3), Roberto Giay (list 3) ), Monica Pilloni (list 2), Cristiano Cincotti (list 2).
THE ROLE OF MONTANI
Piero Montani, who will replace Alesssandro Vandelli, managing director of Bper since 2014, joins the board of directors of via San Carlo, as announced by Unipol. At his side Gianni Franco Papa, former general manager of Unicredit, and Flavia Mazzarella , former deputy director of Isvap, the insurance supervisory institute, and still president of Banca Finnat: "According to the first rumors, one of them could replace Ferrari who, a few weeks after the end of the mandate, announced that he did not want to resubmit: Mazzarella has been indicated as the first name on the list, but the decision will be up to the new board of directors ”, the Bolognese financial news reported in recent days.
THE SCOPPOLA DI CIMBRI ALSO ON THE BOARD OF STATUTORY AUDITORS
The intentions of the insurance group were known, however, to the insiders: at the top of Cimbri's wishes for the presidency of Bper there was the former Unicredit, Papa. But Cimbri's dreams collapsed in the assembly. “The overthrow of the front was also repeated for the board of statutory auditors; Assogestioni elected Paolo De Mitri and Patrizia Tettamanzi and Unipol, in the minority, only Nicola Bruni (president). Another assembly will be needed to elect an alternate auditor, not available in the lists – commented Corriere della Sera – It is not a question of technicality: it shows that the weight of the market must be taken into great consideration. It will be one of the keys to tackling the banking risk ".
CIMBRI-MAZZARELLA SYNONIES?
Carlo Cimbri, head of Unipol, knows Mazzarella well, however, underlined Repubblica: “In the hot summer of 2012 it was she who refereed the bitter battle for Fondiaria Sai. And from the interceptions arranged, the same investigators signaled the proximity of the Unipol top management with the arbitrator Mazzarella, "with the probable intention of making a common front", against competitors except Sator and Palladio ".
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/cimbri-unipol-bper-fondi/ on Thu, 22 Apr 2021 11:52:19 +0000.