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The battle for control of Generali intensifies

2022-03-25T19:35:02.185Z


The shareholders opposed to the renewal of Philippe Donnet presented their strategic plan. The war for control of Generali is heating up. Friday, the shareholders opposed to the renewal in April of the French Philippe Donnet at the head of the first Italian insurer presented their own strategic plan. For months, two camps clash. On the one hand, the Mediobanca bank, the main shareholder of Generali with 12.8% (17.2% of voting rights), which supports Philippe Donnet. On the other, the c


The war for control of Generali is heating up.

Friday, the shareholders opposed to the renewal in April of the French Philippe Donnet at the head of the first Italian insurer presented their own strategic plan.

For months, two camps clash.

On the one hand, the Mediobanca bank, the main shareholder of Generali with 12.8% (17.2% of voting rights), which supports Philippe Donnet.

On the other, the construction magnate Francesco Gaetano Caltagirone, second shareholder (8%), supported by Leonardo Del Vecchio.

The founder of the eyewear manufacturer Luxottica holds a 6.6% share of the insurer, but also 19% of Mediobanca, which makes him its largest shareholder.

suspended rival

The slingers, whose objective is to

"wake up"

Generali, have drawn up a strategic project which is intended to be

"more ambitious"

than that presented in December by Philippe Donnet at the head of the group since 2016. They thus aim to boost the performance of the insurer whose market capitalization is…

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Source: lefigaro

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