UniCredit CEO Set To Resign While Pioneer's Possible Sale Looms

It's been a while since I've posted anything on UniCredit's (possible) sale of Pioneer Investments. Today, Alessandro Profumo, UniCredit's CEO, is expected to step down due to a power struggle at Italy's largest bank. It looks like Libya has increased its stake in UniCredit and that's causing problems with some banking foundations that also own UniCredit shares, according to Bloomberg. Libya's combined interest total about 7.6%. (Here's a Q&A from my compadres at Reuters explaining why the Libyan investments are causing such a stink).

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