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The fund declined to comment

UniCredit aims to draw up CEO shortlist

canadian goose jacket MILAN, canada goose outlet online uk June 16 (Reuters) UniCredit, Italy biggest bank by assets, aims to draw up a shortlist of canada goose outlet near me candidates to replace Chief Executive Federico Ghizzoni by end June as pressure mounts canada goose discount uk to appoint a new boss quickly, three sources close to the matter said. canadian goose jacket

canada goose black friday sale Ghizzoni, who canada goose outlet winnipeg has https://www.jacketstock.com been at the helm of UniCredit since 2010, agreed on May 24 to step down when a successor is found after growing investor discontent with the bank poor share price performance and canada goose outlet toronto address stretched capital base. canada goose black friday sale

buy canada goose jacket Two of the sources told Reuters on Thursday the shortlist would likely comprise canada goose outlet uk sale three names, including an internal candidate an option favoured inside the bank but one that fund managers say would likely canada goose outlet new york disappoint the market. buy canada goose jacket

The other two candidates on the shortlist are expected canada goose outlet in vancouver to be outsiders an Italian and a foreigner, according to one source.

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cheap Canada Goose Shareholders are divided over who should get the job, especially as the new CEO is widely expected to have to launch a capital increase to bolster the bank financial strength. cheap Canada Goose

bank has many challenges to overcome not least the fact that it has not yet put questions over its capital base to rest, which could mean it might struggle to hold onto some of its crown canada goose outlet florida jewels in the near to medium term, canada goose outlet online said Filippo Alloatti, senior credit analyst at Hermes Investment Management, which holds UniCredit bonds.

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buy canada goose jacket cheap However, the canada goose jacket uk Cariverona banking foundation that holds a 3 percent canada goose outlet paypal stake has urged a quick decision and sources have said some institutional investors were losing patience with the pace of progress. buy canada goose jacket cheap

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canada goose coats on sale The share price fall is worrying foreign investors like Abu Dhabi state fund Aabar, which is the second biggest shareholder in UniCredit with a 5 percent stake behind BlackRock 5.1 percent holding, one source said. canada goose coats on sale

canada goose clearance Aabar wants the bank to be managed by canada goose outlet us strong, competent and result oriented CEO. The fund declined to comment. canada goose clearance

uk canada goose A separate UniCredit source said banking foundations that hold a combined 9 percent stake in the lender want canada goose outlet 2015 to limit as much as possible the size of any capital increase to avoid excessive dilution of their stakes. uk canada goose

Canada Goose Coats On Sale Some analysts estimate the lender may need a cash call of as much as 10 billion euros ($11 billion), although it could sell canada goose outlet sale assets to reduce that amount. ($1 = 0.8909 euros) (additional reporting by additional reporting by Stanley Carvalho in Abu Dhabi, Arno Schuetze in Frankfurt and Sinead Cruise in Frankfurt, writing by Silvia Aloisi, Editing by Alexandra Hudson) Canada Goose Coats On Sale.

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