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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Caltagirone SPA | BIT:CALT | Italy | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.02 | -0.29% | 6.90 | 6.80 | 6.94 | 7.02 | 6.86 | 7.02 | 19,795 | 17:00:00 |
By Giulia Petroni
Billionaires Francesco Gaetano Caltagirone and Leonardo Del Vecchio together with banking foundation Fondazione CRT have taken their overall stake in Assicurazioni Generali SpA to more than 15%, the Italian insurer said on Saturday.
The Caltagirone Group currently holds a 7.558% stake in Generali, while Delfin Sarl, steered by Mr. Del Vecchio, has a 6.139% stake. Turin-based Fondazione CRT holds a 1.474% stake in the company.
Earlier this year, the parties struck a deal to use their combined shareholding in Generali to push for a "more profitable and effective management," challenging Mediobanca SpA's grip over the insurer. They have agreed to consult each other over decisions, particularly on the appointment of a new board of directors ahead of the company's shareholders' meeting next year.
According to Italian media, the shareholders are preparing a new strategy plan that will likely have a stronger focus on asset management.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
December 06, 2021 02:18 ET (07:18 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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