Overview
- Monte dei Paschi shareholders, meeting Wednesday, chose the Plt Holding slate with 49.95% of votes, giving it 8 of 15 board seats.
- The outgoing board’s slate took 38.79% for six seats, while the Assogestioni list won 6.94% for one seat.
- Support from Delfin with 17.5% and Banco BPM with 3.7% proved decisive as turnout reached about 65% of share capital.
- The new board will meet to assign the chair, two vice chairs, and operating powers, a step that could return CEO authority to Lovaglio.
- The Mediobanca acquisition remains under investigation by Milan prosecutors who have notified Francesco Gaetano Caltagirone, Delfin chair Francesco Milleri, and Lovaglio, a legal overhang given Mediobanca’s key stake in insurer Generali.