Andrea Montanino, president of the Italian Investment Fund
The reorganization of the share capital sees the entry of two banks: Banco Bpm and Bper which join forces with UniCredit and Intesa Sanpaolo
The reorganization of the shareholding structure of Italian Investment Fund Sgr (Fii), the company founded in 2010 on input from Ministry of Economy and which has as its main shareholder Cdp through Cdp Equity. The reorganization of the capital sees the entry of two banks: Banco Bpm And Bper which are placed side by side with UniCredit And Intesa Sanpaolo and of two pension funds privatized, Enpam (doctors) ed Enpaia (agricultural sector). Confindustria is released which owned 3.5% of the asset management company e the other founder, the ABI, remains.
In detail, it will make room for new members Cdp Equity that reduces its stake from 68 to 55%. The two speakers pension scheme acquire 5% of the capital each while Banco Bpm and B for 3.25% each. The shares of the founders remained unchanged: UniCredit and Intesa Sanpaolo (12.5% each) e Abi (3.5%). Following the reorganization, the board of directors from the current 11 members will rise to 13 and other news in the governance of the company chaired by Andrea Montanino It will be a advisory board for investment policies and asset allocation of funds, to the benefit of the board of directors. L’advisory board it will consist of 8 members, each designated by a member.
The entry of the new shareholders, we read in the joint note of Cdp, Cdp Equity and Fii Sgr, will allow “involve more institutional subjects who have contributed and will contribute, through the investment of resources, to the creation and development of new investment funds “. Cdp in a short note, it aims to open (more and more) the capital to institutional and private subjects such as the banks.
All in line with the industrial plan of Fii Sgr which also includes the support for internationalization of quality Italian companies, with high potential and active in sectors of excellence. The Fondo Italiano is the largest institutional private capital investor in Italy: at the end of 2021 it had assets in its portfolio involving over 330 companies, for a total turnover exceeding 38 billion and beyond 188 thousand employees.
