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UniCredit investor calls for 'extraordinary steps' in new business plan

Published 10/18/2019, 05:25 AM
Updated 10/18/2019, 05:31 AM
UniCredit investor calls for 'extraordinary steps' in new business plan

VERONA, Italy (Reuters) - The head of a leading shareholder in UniCredit (MI:CRDI) said he hoped Italy's biggest bank would take "extraordinary steps" under a new business plan to counter a poor share price performance.

Chief Executive Jean Pierre Mustier is due to present UniCredit's new business plan at the start of December.

Alessandro Mazzucco, chairman of Fondazione Cariverona which is UniCredit's biggest Italian shareholder with a 1.8%, said the charitable banking foundation was anxiously awaiting the new plan.

"We are worried about the bank's share price performance," he said. "This obligates us to pay close attention to the plan and we hope for extraordinary steps ... which can make the bank look more attractive, calling attention to it and boosting its visibility."

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