The opposition extends beyond individual buyouts to the bank's broader strategic direction. Caltagirone’s camp explicitly stated they will also reject a potential merger between Monte dei Paschi and Mediobanca. This move creates a significant hurdle for the bank’s leadership, as the entrepreneur’s double-digit ownership gives him substantial leverage to disrupt the consolidation plans currently under review.
Caltagirone to block Monte dei Paschi expansion plans
With a 10.26% stake in Monte dei Paschi di Siena, entrepreneur Francesco Gaetano Caltagirone has signaled a decisive confrontation at the upcoming October 29 shareholders' meeting, confirming his holding company will vote against the Tuscan bank's proposed acquisitions of Banco BPM and Banca Generali.
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