Generali, Del Vecchio confirms support for the Caltagirone Plan

Generali Del Vecchio confirms support for the Caltagirone Plan

(Finance) – Entrepreneurs account for the salons of finance: it clash at the last vote in General Sara inevitable at the next assembly of 29 April with the support granted by Leonardo Del Vecchio to Francesco Gaetano Caltagirone, who deployed the Cirinà-Costamagna duo against the current Board led by Philippe Donnet and supported by Mediobanca.

There descent into the field of Del Vecchio next to Caltagironewhich is already obvious, was formalized yesterday in an interview with Bloomberg News of the founder of Luxottica, who stated that the Piano Caltagirone offers “a long-term entrepreneurial vision which not only looks at dividends but also at the company’s need for growth. “A Plan that will allow accelerate the growth of Generali through a great acquisition which – Del Vecchio affirmed – “I hope to see in the future”.

The entrepreneur from the Marches should currently have a stake of around 8%, but following the dissolution of the bonds from Crt, which holds 1.7%, could rise to 10% of Generali, in addition to 9.5 currently in the hands of Caltagirone. The other group headed by Mediobanca holds 17.2% but with 4.4% obtained through securities lending.

“I’m from the old school who thinks i entrepreneurs need to invest their resources “, Del Vecchio underlined, adding that he had” recently discovered that the company shares can be taken borrowed only to vote at the assembly “and that this practice could have”serious consequences for our economy “.

Returning to the Caltagirone Plan, Del Vecchio expressed himself favorably on the list of candidateswhich he defines as “well balanced” and of “high competence” and, speaking of Cirinà, stressed that he has “a perfect understanding of how Generali works and has deep roots in Trieste where it was born and which represents the beating heart of the insurance sector in this country”.

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