Explanation – in order for a billionaire Caltagirone to influence the wave of connection and downloading of banks in Italy
Milan (Reuters) – Italian billionaire Francesco Gaetano Caltagirone appeared as a leading player in remodeling the Italian financial sector currently underway.
Combat at General and Mediobancans
Caltagyrone expanded his investments in the Italian financial sector last year and is now a key shareholder of the saved Bank of Monte dei Paschi di Siena (MPS) and Fund Manager Anima Holding.
On Friday, the MPS announced a surprising offer for all shares worth 13.3 billion euros to buy a Mediobanca Bank, in which Caltagirone has become the second largest investor in the last five years.
He is the third largest shareholder of the largest Italian insurer of the generals, with a 6.9% stake. The Mediobanac is the biggest investor in the general with a 13 percent stake.
Caltagirone repeatedly complained that the Mediobanac was excessively influenced by the general through the Board of Directors and the management system that allows the directors in leaving to appoint their heirs.
As a longtime investor and member of the Management Board of Generals, 2022.
Prime Minister Giorgie Meloni Government has approved the challenged changes to the corporate management advocated by Caltagirone and criticized by funds managers, which are the conditions under which the Board of Directors of the Company can submit a list of heirs in departure.
Donnet’s mandate comes for renovation in the spring and is expected to be suggested for another term with the support of Mediobance.
What is his role in the Italian consolidation of the banker?
Caltagirone’s possession is potentially opposed by UniCredit’s director Andrei Orcel, who launched an offer to buy Banco BPM in November, shortly after BPM launched his own offer for Anima and bought a 5% share in the MPS.
The Ministry of Finance in Rome has long favored the combination of BPM with MPS, which are partners with Anima, and the construction of the core of long-term shareholders, while re-privatizing a bank based in Siena, which he saved in 2017, sources said.
Before Unicredit canceled the plans of Rome, Caltagirone, with a 5% share in MPS, 5.3% of the Anima Holding and 2% of BPM, it seemed to become a significant shareholder in the combined entity.
In December, Caltagyron appointed two representatives to the MPS Committee, including his son Alessandra.
Who is Caltagirone?
Italian entrepreneur with interests in construction, cement industry, real estate, publishing and finances, Caltagirone was born in Rome on March 2, 1943 in the Sicilian origin family.
According to the Forbes wealth ladder for 2024, Caltagirone is the 10th richest person in Italy with an estimated wealth of 5.6 billion euros ($ 5.9 billion).
