UniCredit shareholdings show it is foreign says Salvini

The shareholding structure of Italy's
second biggest bank UniCredit shows it is a foreign institute,
Deputy Premier and Transport Minister Matteo Salvini said
Tuesday saying "I have nothing against anyone" but warning that
UniCredit's bid for third-biggest bank Banco BPM should not
jeopardise the creation of Italy's third banking hub via a
merger between the latter and Monte dei Paschi di Siena (MPS).

   
The largest shareholder in UniCredit, with 7%, is the American
fund BlackRock.

   
Some three-quarters of the capital is held by institutional
investors (other banks, insurance companies, and so on), of
which 69% are foreign investors.

   
Then there is a small share of Italian institutional investors
(6%).

   
"This is what the shareholder composition says," said Salvini
when asked why he deems UniCredit a foreign bank.

   
"However," he said, "I have nothing against anyone, as long as
the third banking hub that is being created is not called into
question."

   

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