Soci Mps bocciano l'offerta su Bpm, primo stop al piano Lovaglio

The Mps assembly rejected the public exchange offer for Banco Bpm, a key part of CEO Luigi Lovaglio's plan. 91.1% of the present capital voted against it, while 6.47% supported it and 2.41% abstained. The vote had a turnout of 65.85% of the capital and will be followed by a vote on the offer for Banca Generali, which is expected to have a similar outcome.