Mediobanca, the three-week moves of the meeting. Nagel praises the Italian government
There are just over three weeks left until the key event for the group, the shareholders’ meeting of Mediobancain fact, is scheduled for the next one October 28. But in the meantime there have been some significant moves. The group led by CEO Alberto Nagelin fact, he decided to get stronger renewing the agreement for another three years consultation. The percentage of members of the pact – reports Il Corriere della Sera – is in fact rose from 10.98% to 11.40% of the capital. And within it the weights also change: there is the contribution from Finprog Italia, the family’s holding company Dorisof an additional 1.6 million shares bringing its overall holding to 0.73%, from the previous 0.53% declared last February. The growth in the weight of the consultation agreement is also the effect of the buyback which produced the reduction in the number of shares that make up Mediobanca’s capital due to the cancellation of those in the portfolio.
There ability to network with companies and their entrepreneurs – continues Il Corriere – is one of the cornerstones of Mediobanca’s activity. Yesterday CEO Nagel, at the The Future for Finance conference organized by Bloomberg in Milan, also underlined that the bank sees “increasing M&A activity between companies, especially medium-sized ones”. A very positive factor for the Italian ecosystem, said the banker, and the specialization of our economy. Regarding the performance of the Italian market, Nagel added that “Italy is now in a favorable situation compared to others for the strength of our government but also for the weakness of others. We see increased capital flows to our market due to government stabilityand to the fundamentals of the private sector where many entrepreneurs are opening up capital for their companies.”
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