Calvert, a fund with over 30 billion dollars in assets under management, and the asset manager Praxis have sided in favor of the list of the board of directors which re-nominates the CEO Alberto Nagel and the president Renato Pagliaro
While waiting for the Mediobanca meeting on 28 October called to renew the board of the Milanese institution, communications are arriving from other international investors who are starting to take their positions. According to what Corriere della Sera writes, Calvert, a fund with over 30 billion dollars in assets under management, and the asset manager Praxis have sided in favor of the board of directors’ list which re-nominates the CEO Alberto Nagel and the president Renato Pagliaro. They follow closely the indications received Thursday from the California State Teachers Retirement System fund and the New York City Comptroller.
The consensus of the other funds and asset managers which represent 30-35% of Piazzetta Cuccia’s capital should go in the same direction. Next week will be central to knowing the choices of investors with ’rounder’ shares, as is the case, for example, of Norges which has always aligned itself with the board of directors’ list.
While in a board meeting on Thursday the Enpam Foundation, the doctors’ social security institution, will decide whether to support the candidates of the outgoing board or those of Delfin, which has 19.8% of Mediobanca, with its 1.2%. So far, the projections on attendance at the meeting speak of participation above 70%.