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Caltagirone group to vote against MPS takeover offers

Original: caltagirone

The Caltagirone group, a major shareholder in Monte dei Paschi di Siena, says it will vote against the bank's outstanding share offering proposals at the MPS shareholder meeting scheduled for 29 October. The move signals shareholder resistance to the terms of the capital operations and adds fresh tension ahead of the vote on the bank's future strategy.

Why now: The announcement comes just ahead of a decisive 29 October shareholder meeting on MPS's future.

Caltagirone groupMonte dei Paschi di SienaIl Sole 24 ORE

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Evidence

• Mps, Caltagirone boccia la doppia ops di Lovaglio. Il fronte del no può bloccare l’assemblea · Milano Finanza
• Mps: gruppo Caltagirone voterà contro le ops in assemblea 29 ottobre · Il Sole 24 ORE

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