Lovaglio (Mps): 'We will exceed 66%, then a new CEO for Mediobanca'
The Monte's CEO to Bloomberg TV: 'Positive feedback from the City on the operation. I have done many operations this is the easiest".
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'We are convinced that we will exceed 66%'. Mps CEO Luigi Lovaglio, in an interview with Bloomberg TV, said he was certain that the bid for Mediobanca would be successful: "There is no reason for shareholders not to participate" in the Ops . "We are strongly determined to reach over 66%" of Piazzetta Cuccia, he added, this "is our goal, then for "technical issues we have also indicated 35%" as the minimum threshold.
The next step, the banker went on to explain, will be 'to look for a new CEO' for Mediobanca, the current one (Alberto Nagel, ed.), who 'does not answer the phone' and does not agree with the operation. 'We will look for a bright, international profile that will attract talent,' Lovaglio commented on Nagel's possible replacement.
Lovaglio went on to emphasise that he had received positive feedback from investors in the City during his road show in London. "In January I was asked why we are making this offer, now the question is what do we intend to do in September when the Ops will be concluded".
In this regard, Monte's CEO reiterated that both brands, Mediobanca on the one hand and Mps on the other, will remain in place. He also added that he expects 'this operation will be simpler' than the others he has faced in the past because it is 'a combination' between two complementary institutions and not an integration. The key to success will be the 'support' of the Mediobanca team, he added.
With respect to the role played by the two strong shareholders, the Caltagirone group and Delfin, the banker explained that he had 'received support from both' but that he had 'decided everything on his own in recent months', emphasising that the two shareholders 'have never interfered'.
