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This article was published April 12, 2015 at 08:13.
NOVARA
An aggregation between Banco Popolare and Banca Popolare di Milano? “It is not impossible.” The managing director of the institute Scala, Pier Francesco Saviotti, opens the door to the hypothesis of an aggregation between the two banking groups, a scenario that has long fascinated operators and on which long chase rumors on the market.
For now, creating what could be the fourth person behind Italian bank Intesa, UniCredit and MPS, with about 175 billion in assets, it remains only on paper. And nothing is said, also because the way, was the clarification of the CEO, “is not easy.” But if last October, following the results of the stress tests, the merger between Milan and Verona had been judged by the same Saviotti “a dream”, but nothing more than “a theoretical exercise,” today things have probably changed. The dialogues and informal polls between the two squares and no shortage Saviotti, at the end of the shareholders (7,600 shareholders present between Novara and seats video-linked to Verona and Lucca, that the mechanism of delegations expressed the record number of 32,700 votes) admits that “you never know, we do not put limits, it is not impossible.” Moreover, the manager insists that he had “never hidden” his preference for an alliance with Piazza Meda that was the reasoning in October, would create “synergies exceptional.”
What has occurred in the meantime to change the scenario is known: the reform of banks established by the Government Renzi, and the transformation required in Spa in the space of 18 months, requires banks to consolidate each other to avoid possible hostile take-over on the way to the transformation of the company name. That’s why today, “everyone is talking with everyone,” says Saviotti risiko highlighting how the industry is still at the initial stages and that for now “there is not no mandate” to an advisor. What is certain is that “over the back meeting, the dialogue will materialize and turn into something more real.”
As the BPM solution, at least at present, is the most intriguing for Verona, for the leaders of the Tour all doors remain open. A secondary road leading example in Brescia, where Ubi not proves that white knight of MPS that many expect. “Ubi is not absolutely excluded and is another opportunity that may be there,” said Saviotti but stated to have no ongoing negotiations. Attention is also high on the Veneto, where the body seems to take the idea of a merger between the Pop. Vicenza and Veneto Banca. Here, too, says the president Carlo Fratta Pasini, “we have no preference or falling in love.” Less realistic, however, a possible concern for Carige and Mps. To exclude it is always Fratta Pasini, who urges care to actually “too big and too difficult.” For the president of Banco goal remains that “to understand if there are companions’ in case of aggregation, so as to” share objectives. ” For sure, there is “no desire to lose the DNA cooperative bank.”
The other dossier hot for Verona, which intersects with that of aggregations, concerns the creation of a “hard core” of shareholders that do not distract the bank’s bond with the territory in the transition to the Spa. On this front yesterday Cariverona Foundation reiterated its readiness to invest in the bank to ensure the “stability” of the shareholder. If asked, “Cariverona examine with availability dossiers fielding necessary resources needed” reiterated at the meeting John Hall, vice president of the Foundation. It is not excluded that the organization will face the leader of a group of members strong, maybe broadened the Fondazione Cassa di Risparmio di Lucca, with that 2.89% is the largest shareholder of the Bank. Even President Arturo Lattanzi yesterday reminded that the Foundation intends to behave “constructive.”
The dialogue, however, as well as the Foundations is with insurance groups. “Today everyone is talking with everyone, even with insurance,” said Saviotti. In pole position is Cattolica Assicurazioni, but it is not excluded that the reasoning could be expanded to other subjects: it must be remembered that the Tour has trade agreements with Unipol (which looks to Bper) and Aviva. In his speech of presentation of the budget, the CEO. Pier Francesco Saviotti focused instead on the operations of the bank. Addressing the members, the manager sottolinato that the first quarter 2015 will close with a profit “very positive.” The bank is working on a lower tier 2 bonds for institutional, with a cut from 750milioni-billion, the issuance of which should take place in the coming days.
. @ Lucaaldodavi
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