MILAN (Reuters) – Searching for a new CEO is currently UniCredit’s top priority, the bank’s outgoing president said in an interview published Tuesday.
When asked about a possible acquisition of the smaller rival Monte dei Paschi di Siena, Cesare Bisoni added that the board would never accept deals that are not in the exclusive interest of the bank and its shareholders.
The Italian Treasury is moving forward with plans to cut its 64% stake in MPS and has identified UniCredit as the ideal merger partner for the bank, sources said, but the second Italian bank wants strict deadlines to be met first. to consider an acquisition and is yet to sign a confidentiality agreement.
“UniCredit’s pan-European identity is not in question, nor is the fundamental role of its operations in Italy. At the moment our priority is the identification of a new CEO, ”Bisoni told the newspaper Il Sole 24 Ore.
UniCredit is in the process of choosing a new CEO after Jean Pierre Mustier decided to step down by April. Bisoni will be replaced by president-elect Pier Carlo Padoan in April.
Reporting by Gianluca Semeraro; editing by Giulia Segreti