Overview
- The Tortora family’s PLT deposited a 12-name list that proposes Luigi Lovaglio as CEO and former UniCredit chair Cesare Bisoni as chairman.
- The PLT slate will face the outgoing board’s ticket, which puts forward Fabrizio Palermo, Corrado Passera and Carlo Vivaldi for CEO, with Palermo widely viewed as Caltagirone’s preference.
- Under MPS’s updated statute aligned with the Legge Capitali, the list with the most votes is guaranteed at least eight of the 15 board seats.
- PLT holds just over 1.2% of MPS, and market reporting points to likely backing from entrepreneur Giorgio Girondi and to a reported push by Mediobanca chair Vittorio Grilli.
- Key votes from Delfin, the Caltagirone group, Banco BPM, the Economy Ministry and institutional investors remain uncertain, with some market speculation that Delfin could abstain.