From the Tour yes almost unanimous on the merger with Bpm – Milano Finanza

The shareholders ‘ meeting of Banco Popolare has approved by a large majority the merger with Bpm, that will lead to the birth of the third banking group in italy after Intesa Sanpaolo and UniCredit . In favour of the merger, he voted 99.5% of the people present at the meeting (more than 23.600 votes), as announced by the chairman, Carlo Fratta Pasini. In detail they said yes 23.683 members, 118 the contrary, while abstentions were 11. The percentage of the votes in favour was 99.5%

the session of The extraordinary of Verona was opened under the presidency of Carlo Fratta Pasini around 10.30 am. At the beginning of the session in the spaces of the Fair of Verona there were over 7.220 members, then increased to 24 thousand, is about 100 thousand subscribers at least 90 days.

“today, we ask you to vote is not a certainty but a rare opportunity,” began the president. Pasini stressed the “crucial” of the bank. The board of directors, he added, “and proud to be able to add to the transformation in the spa, a project of the aggregation of high profile” after I overcame the obstacles that seen back look huge: enough to remember the rise from 1 billion made entirely on the market. Today we are called to overcome the last obstacle here and in Milan: the regret is overcome by the awareness that only a large integration project bank will be able to support in time the popular identity of our institutions, that we can only support building a shareholder base, a strong spread to work with clients and banking foundations. Because the involvement of many different investors might have a chance of success you may be the bearers of a proposal for mere defence, referring to the past. Need present itself,” said Fratta Pasini, “with a growth story, geared to the future, tending to positive roles and not subordinates”.

“we are Not here to celebrate a funeral, but rather the beginning of a new story, that will give life to the third Italian bank, which will continue the mission on the territory with the same spirit to support families and businesses”, he remarked immediately after the ad of the institute of verona, Pier Francesco Saviotti, who has
went over the numbers disclosed in the past few months on the market, explaining that the Tour Bpm will have “a slow start: we will not have suffered great economic results, but the business plan, which we have prepared, accepted in toto by the Ecb itself, leaves us quiet on the results of this group”. The new institute
“he has all the cards in rule to take in the future a leading role in the national scene by positioning himself as an alternative to Intesa Sanpaolo is the first bank in the Country,” he continued, recalling that a guide will be on “Giuseppe Castagna (the current Bpm ) who has strong hands and a professional will
will give you the satisfaction that you deserve”. Synergies between costs and revenues, will amount to eur 458 million, which will be felt fully in the second part of the 2018 and will be fully operational in 2019, when the profit is estimated at 1 billion, “the distribution of a dividend that now let’s imagine the minimum extent of 40%”.

members who have taken the word successivamante, have confirmed the goodness of the integration process, starting from the mayor of Verona, Flavio Tosi: “The day that will lead to the merger with the Bpm is an extraordinary moment. Today we take a step forward that allows us to have strength, tightness, and competitiveness. This far-sighted choice will enable the city and to the economic territory of being able to count on a new big bank”.