UniCredit top investor BlackRock voted against CEO pay
05/13/2021 20:13
MILAN (Reuters) -UniCredit s largest investor BlackRock voted against the remuneration package that last month turned the Italian bank s new boss Andrea Orcel into one of Europe s highest paid bank chiefs, a document showed on Thursday.
Minutes from the April 15 annual general meeting published on UniCredit s website showed BlackRock was among investors that voted against the pay policy, which got rejected by shareholders accounting for almost 43% of capital present at the AGM.
New York-based BlackRock, the world s largest money manager with $9 trillion in assets, is the top investor in UniCredit with a stake of 5.1%. A spokeswoman for BlackRock in Italy declined to comment.
UniCredit top investor BlackRock voted against CEO pay
05/13/2021 | 04:13pm EDT
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MILAN (Reuters) -UniCredit s largest investor BlackRock voted against the remuneration package that last month turned the Italian bank s new boss Andrea Orcel into one of Europe s highest paid bank chiefs, a document showed on Thursday.
Minutes from the April 15 annual general meeting published on UniCredit s website showed BlackRock was among investors that voted against the pay policy, which got rejected by shareholders accounting for almost 43% of capital present at the AGM.
New York-based BlackRock, the world s largest money manager with $9 trillion in assets, is the top investor in UniCredit with a stake of 5.1%. A spokeswoman for BlackRock in Italy declined to comment.
UniCredit shareholder BlackRock voted against CEO pay yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
FinanceItaly s CDP-led bid for Atlantia s Autostrade aided by ISS support
Stephen JewkesFrancesca Landini
3 minute read
A bid for Atlantia s (ATL.MI) motorway unit from a consortium led by Italian state lender CDP looked more likely to succeed after getting the backing of a top governance adviser.
International Shareholder Services (ISS) has recommended shareholders support the sale of infrastructure group Atlantia s 88% stake in Autostrade per l Italia to the consortium.
The ISS recommendation, contained in a report seen by Reuters on Wednesday, boosts the chances of the bid being accepted after Benetton family holding Edizione and banking foundation CRT flagged a preference for it.
UPDATE 1-Italy s CDP-led bid for Atlantia s Autostrade aided by ISS support Reuters 2 hrs ago
(Recasts, adds ISS report, analyst quote)
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By Stephen Jewkes and Francesca Landini
MILAN, May 12 (Reuters) - A bid for Atlantia s motorway unit from a consortium led by Italian state lender CDP looked more likely to succeed after getting the backing of a top governance adviser.
International Shareholder Services (ISS) has recommended shareholders support the sale of infrastructure group Atlantia s 88% stake in Autostrade per l Italia to the consortium.
The ISS recommendation, contained in a report seen by Reuters on Wednesday, boosts the chances of the bid being accepted after Benetton family holding Edizione and banking foundation CRT flagged a preference for it.