Fondazione Crt chooses Palenzona until 2027. Mps and Bper-Corriere.it take off on the Stock Exchange

Will be Fabrizio Palenzona to lead the new phase of the Crt Foundation until 2027. This was decided by the steering committee of the institution that elected him president: ten votes against the seven of the outgoing president Giovanni Quaglia, thus obtaining an absolute majority in the first round, supported with an important role by the Cassa di Risparmio di Torino Foundation. “I will begin by looking at the social economy of the Piedmont territories,” says Palenzona who knows the area well: he was twice president of the Province of Alessandria and twice mayor of Tortona.

Now will work on planning for the Foundation that the outgoing president Quaglia delivers with a surplus for the year 2022 of 127.2 million (+42.6%). And one of the major novelties of his program for the Crt Foundation is the control room between the entities of the North West where 70% of the Foundations are concentrated. A consultation pact between the institutions to intervene on the territory and on investments. It starts from Piedmont “to find common denominators, shared objectives and collaboration strategies”. And it will also be open towards the North East. Against the background of the appointment of Palenzona, assisted by the Franzo Stevens studio, there are broader issues such as that of the renewal of the top management of Acri in 2024 or the role of head of the CDP Support Committee – of which the Foundations have 15.93% – and is led by Quaglia.

Palenzona has always underlined the importance of champions, between infrastructures (the institution owns 5.17% of Mundys) and banks. «As Fondazione Crt – adds Palenzona – we appreciate the strategic renewal that the president of Edizione, Alessandro Benetton, carries out in Mundys, focusing on internationalization, but always keeping his head and heart in Italy». Palenzona also contributed to «building» Unicredit with Capitalia and Banco di Sicilia. Strong banks, therefore, as long as they remain “solidly anchored to the local economy”. And the suggestion of banking risk, which was rekindled with the idea of ​​a return of Unicredit to Banco Bpm, guided the market yesterday. The push came from Mps which published the answers to shareholder questions ahead of Thursday’s meeting. “Mps is in a position to look at all the opportunities in terms of consolidating the Italian banking sector, strengthened by one of the highest capitalization in the system,” wrote the bank. And the market immediately interpreted the next move by pushing the share of Siena up to +5.63%, which Piazza Affari sees “married” to Bper (+4%). The idea dragged the whole banking sector along.