(Alliance News) - Banco BPM Spa's shareholders' meeting on Thursday appointed the new board of directors during a session attended by shareholders representing over 72% of the share capital.
The board of directors' list received approximately 59% of the votes in favor, while the list presented by Credit Agricole garnered 31% of the votes, and Assogestioni secured 8.0%.
Consequently, the outgoing board was allocated ten seats, four went to Credit Agricole, and one to the asset managers' list.
Giuseppe Castagna and Massimo Tononi were confirmed at the helm of the credit institution.
Banco BPM shares were trading up 2.9% at EUR13.36 per share on Thursday.
By Michele Cirulli, Alliance News reporter
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