(Finance) – Francesco Gaetano Caltagirone could challenge in court a victory of the other party at the general meeting of General, if the margin was less than 6%. Claudio Costamagna, candidate for the role of president on the list of the Roman entrepreneur, said this in an interview with Reuters in view of the expected meeting on April 29, which he will have to elect the new board of the Lion of Trieste. The former banker of Goldman Sachs also claimed to be “confident” of securing the vote of the Benetton familywhich owns about 4% of Generali and has yet to take sides in the battle between Caltagirone and Mediobanca.
The candidate for the presidency of the Trieste insurance company says that it is not a problem to overpay for a fair M&A objective in the field of asset management, but that in any case technology and cost cutting have priority, with the M&A deals they would be “the icing on the cake”. In essence, investors misinterpreted that M&A ambitions were the top priority, according to Costamagna.