July 2, 2018 / 6:21 AM / 5 months ago

Italy's Carige to appoint new chairman after August - CEO to paper

MILAN (Reuters) - Italian lender Carige’s (CRGI.MI) Chief Executive Paolo Fiorentino says in an interview with L’Economia-Corriere della Sera:

- The lender will likely call a shareholders’ meeting to appoint a chairman and deputy chairman after August.

- Asked whether the meeting could be an occasion for new shareholders to claim a seat in the board, Fiorentino says “frankly I do not know what will happen”.

- The recent boardroom row, made public with the exit of Chairman Giuseppe Tesauro last week, “could have had some negative influence” on the bank.

- Bank has had an offer for some 400 million euros (353.57 million pounds) in unlikely-to-pay loans, with a July 26 deadline, as well as some other binding offers.

- Carige is efficient regarding costs but “needs to do more” with respect to revenues.

Reporting by Giulia Segreti, editing by Louise Heavens

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