Mediolanum, Mediobanca no longer strategic

(ANSA) - MILAN, JANUARY 28 - Mediolanum, considering how the future governance of Mediobanca may evolve, also due to the recent changes in the shareholding structure "has deemed it necessary to modify its strategic objectives, moving from a logic of enhancing the participation over a long period of time end to an approach open to greater flexibility ". Therefore the Board of Directors of the Doris family group "has decided to reclassify the shares held in Mediobanca by strategic participation in the Held to Collect andSell portfolio". "If Del Vecchio decides to rise more than 10% - Massimo Doris explains - he would exceed the share of the agreement and become a decisive vote in the meeting. The board must be renewed and if Del Vecchio rose to 15 or 20% it is difficult that Mediolanum can still have a representative on the Board. Will Chelinea give Mediobanca? They are all questions we have asked ourselves. We do not know what will happen. If nothing changes, we will stay. If it changes, we want to be free to sell. "