Home » Unipol, Cimbri freezes Montani: “Renewal? I can tell him to stay calm.”

Unipol, Cimbri freezes Montani: “Renewal? I can tell him to stay calm.”

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Unipol, Cimbri freezes Montani: “Renewal?  I can tell him to stay calm.”

Unipol, Cimbri and the takeover bid for UnipolSai

“Today the scenario has changed, what was previously a low-cost variable now has a higher cost”. Thus Carlo Cimbri, president of the Unipol group, explains the reason that pushed to proceed with the takeover bid on UnipolSai to create a single group which will be called UnipolAssicurazioni. An operation that raised Unipol shares rose by 20% on the stock market. “It would have had a disruptive effect – continues Cimbri – on the shares if we had done it at any other time. We have patiently awaited this chain of events, once the anxiety over the chain’s consolidation subsided, it was another enabling element: silence and confidentiality were needed.”

Then Cimbri extinguishes any enthusiasm from banking risk. “This operation is totally unrelated to our strategy in Bper and Banco Popolare di Sondrio”. But it is always time to talk about credit institutions, given that the board of directors of Bper, which sees CEO Piero Luigi Montani sitting in the chair, is expiring. “It is the shareholders who present a list, and we will propose the same approach as last time: a list of seven people which does not in itself have a majority of the council, which will be formed with other lists. Montani? He can stay calm.”

Also note that the rationale for this choice should not even be sought as a “defense” on the sidelines of the Capital Bill because the voting rights would remain firmly in the hands of the group.

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