(Finance) – The Consob has not identified any violations of the communication obligations or information asymmetries with regard to exceeding 10% in General by the shareholders Francesco Gaetano Caltagirone, Leonardo Del Vecchio and the CRT Foundation (who had formed a consultation agreement, from which Caltagirone had subsequently exited). This can be read in the weekly newsletter of the market supervisory authority.
On February 2, Generali announced its intention to invest Consob with a question regarding the overall exceeding of the threshold by the three shareholders, whose pact was dissolved at the end of March. On February 7, the Commission received from the insurance company a “report on the concerted purchases” of the company’s securities, the newsletter recalls.
“The Commission told Generali that the case in point of the report does not fall within the scope of application of Article 120, paragraph 4-bis, of Legislative Decree no. 58/98 which exclusively refers to the individual exceeding the shareholding thresholds therein provided and, therefore, that there are no violations of the disclosure obligations with regard to future programs prescribed by the aforementioned provision “, reads.
“Furthermore, in the light of the assessments and verifications carried out in the reported factual context, he clarified that there are no information asymmetries assumed in the report “, is added.