MODENA An assembly without major upheavals, less participatory than in recent years, a spring ritual for many members of the Modena Bper , which are found in Modena Fiere to vote but also to exchange gossip and some work joke . A ritual that disappears because B to become joint-stock company and the congregation with thousands of members present to vote, typical of a cooperative society, will be held for the last time before the end of the year, when you will have to set their own transformation into spa .
“Alas no going back,” said For the Vandelli, words that have escaped during his own speech about the transformation in spa. Words perhaps also due to the immense work determined by this historic transition for the bank. “The renewal of Popular – added Vandelli – it was necessary, of course you could conceive of something more progressive, especially since the reform comes at a historic economic times so complex.”
NEW CONTRACTS The Ad was clear pressed by journalists on topical issues, in particular on possible new acquisitions and mergers on expectations but it was assumed that the assembly could not get out sensational news or juicy anticipations. So we try to make do, “Unipol and B to represent two of the most significant financial institutions in Emilia Romagna: it is normal that there are contacts – said Vandelli after rumors on the intention of Unipol to acquire a share of between 2 and 5 % of the banking group – With Unipol we are already together, we have established partnerships for years in the insurance field in Arca Vita, so we’re ready to reflect on this.
And the combinations he replied to those who asked for confirmation on advances a possible marriage with the banks Valtellina: “Beyond the names and some track, we believe important aggregations because the growth in size in the future will make a difference, but we need to not to make risky choices because with this market mistakes are paid very expensive. “
For the CEO the central issue is the stability of the governance of the future joint-stock company: “There are several foreign investment funds interested in our group – said Vandelli – with a share of 40-50% of the capital. But it is desirable that there are also historical partners, the local foundations and institutional funds to give solidity to governance. ” And here we return to the “hard core”, with a particular condition that can offer a guarantee against future assaults by large or very large investors from around the world, when it becomes inevitable assaults spa and yes it is a proven strength of the bank.
NEWS ‘ Then there is the issue of possible further acquisitions. Bper already made shopping in Piedmont, where the Cassa di Bra has been added to Saluzzo and time may also come in the crosshairs of those Savigliano and Fossano , all in the province of Cuneo but all of small size. Different, and more complex, the hypothesis that relates Carife, the Cassa di Risparmio di Ferrara long been in serious trouble and that is among the banks saved by state intervention. B to officially exposed with an expression of interest for Carife. “On this issue – said yesterday Vandelli – the procedure is going for long than what had been budgeted, the information pack, the files needed to make the evaluation of the accounting data does not arrive so we can not make a definitive examination. Honestly I thought the time now you could already talk in concrete terms of this hypothesis after our expression of interest that can confirm it, she was given to the Cassa di Ferrara for territorial reasons, considering our ties in Emilia Romagna: even at Confindustria level if i’m not mistaken you work in combinations involving Modena, Bologna and Ferrara, and then you can understand our significant interest given the geographical proximity. But I must say that time is not in favor of these operations, the more we go forward and become more complicated. Nicastro is certainly working better but we can see that the problems of these banks are proving very complex and not easy to be able to complete the necessary dossier. ” Thus the curtain fell on the cooperative Bper and a
note concerns their voting to approve the proposals of the board with this corporate formula: the last votes, around 13.30, at the invitation of President Caselli to vote by show hand answered from 8 to 10 people living in a desert. The beautiful and the ugly of the coop.
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