Key Points
MILAN, Oct 3 (Reuters) - The largest investor in Mediobanca (MDBI.MI) on Tuesday filed its own slate of nominees for the Italian bank's new board after attempts to find an agreement over the list put forward by Mediobanca's outgoing board failed...
Delfin, the holding company of late Italian billionaire Leonardo Del Vecchio, proposed five directors which Mediobanca shareholders will be called to vote upon on Oct. 28...
While Delfin's slate does not pose a direct challenge to either Nagel or Pagliaro, its move to put forward its own nominees increases uncertainty in the short term and could lead to a fractured board, analysts have said...
"The list is proposed with the aim of collaborating with all members of the board and offering a contribution to the implementation of the industrial plan," Delfin said...
Del Vecchio, who died last year at the age of 87, had criticised CEO Nagel for failing to grow the investment bank's business adequately and holding back expansion at insurer Generali (GASI.MI), in which Mediobanca is the main shareholder...
You might be interested in
Mediobanca CEO and allies keep grip on bank after shareholder vote
28, Oct, 23Mediobanca Chief Executive Alberto Nagel and his allies withstood opposition from the bank's biggest investor to retain a firm grip on the company in a shareholder vote on Saturday, with the CEO securing a new three-year mandate.