Abu Dhabi investment vehicle Aabar, UniCredit's biggest single shareholder, will have two seats in the Italian bank's new, slimmed-down board, according to a list of board nominees presented on Monday.
The new board will have 19 members, down from 23. Aabar, which has a 6.5 percent stake in UniCredit, said its chairman, Kadem Abdulla al-Qubaisi, and Ferrari Chairman Luca Cordero di Montezemolo would be its representatives.
The bank's core foundation shareholders have named seven board members as they seek to keep their grip on Italy's biggest bank by assets.
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