(ANSA) - MILAN, MARCH 25 - It's called 'Awakening the Lion', awakening the lion, the program of the Caltagirone group's candidate list for Generali that aims for profits of about 4.2 billion in 2024, an accumulated cash generation of about 9 , 5-10.5 billion in the period 2022-2024, about 1.5-1.6 billion investments in digital and technological transformation, with an annual cost reduction target of up to 0.6 billion, to the maximization of cash availability for M & Afino about 7 billion.
It confirms the dividends foreseen by Investor Day of December 15 in the plan presented by the CEO Philippe Donnet for the three-year period and the share repurchase.
The program, which is presented to the financial community and to the press, provides for five lines of action: the rationalization of geographical presence, the efficiency of central and administrative costs, improving operational performance in individual countries, investments in tech and data analytics, focusing on M&A operations.
Criticisms are then expressed at the plan presented by the CD because - explains the note released by the Caltagirone list - "it does not change course due to the decline of the company" and "does not focus on the main weaknesses of the company".
Moreover - it is added - "the current governance prevents the growth of the company and the maximum creation of value for all shareholders".
(HANDLE).