UniCredit boss Profumo set to resign today

first_img UniCredit chief executive Alessandro Profumo is expected to hand in his resignation today after tensions over stake-building by Libyan groups in the bank boiled over.Profumo has been accused by some Italian shareholders and politicians of letting Libya increase its stake in the bank without informing other top managers. It was not immediately clear, however, whether the board would accept his resignation. UniCredit boss Profumo set to resign today whatsapp Monday 20 September 2010 9:24 pm Libya’s central bank and Tripoli’s sovereign wealth fund have a combined stake in UniCredit of around 7.6 per cent. If Profumo does quit, he will likely be replaced on an interim basis by chairman Dieter Rampl and other senior managers.Market watchdog Consob and the Bank of Italy have requested clarification on the Libyan stakes. The Libyan central bank – UniCredit’s third biggest shareholder with a 4.988 percent stake – said yesterday it was an independent institution and that it was “extremely satisfied” with the UniCredit investment.The Libyan Investment Authority, Tripoli’s sovereign wealth fund, raised its stake in the bank by 0.5 per cent to 2.594 per cent last month. Show Comments ▼ Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeFoundation Repair | Search AdsThe Prices For Foundation Repair Services In Scottsdale Can Surprise YouFoundation Repair | Search AdsUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoalldelishHere is what happens to your body when you start eating 2 eggs every dayalldelishUndoCakeHDThe 50 Most Beautiful Women Of All Time.CakeHDUndoDefinition[Pics] Disappointing Photos That Show The Reality Of CruisesDefinitionUndoRecetas Get5 Common Cancer Signs to Pay Attention ToRecetas GetUndoEverydayChimpThe State of Europe – Richest and Poorest Countries in the ContinentEverydayChimpUndoHealth Clipboard[Photos] Here’s How Much Cameron Diaz Has in the Bank Today Health ClipboardUndoFoodmzIf You Eat 3 Dates Every day For 1 Week This Is What Happens To Your BodyFoodmzUndo KCS-content More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapp Tags: NULLlast_img

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