Buy
Sell
Share Name Share Symbol Market Type
Generali Ass BIT:G Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.345 -1.98% 17.08 17.05 17.055 17.595 16.91 17.50 8,559,624 16:35:22

Italian Billionaires, Fondazione CRT Raise Overall Stake in Generali -- Update

06/12/2021 12:41pm

Dow Jones News


Generali (BIT:G)
Historical Stock Chart


From Nov 2021 to May 2022

Click Here for more Generali Charts.

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 made a deal to use their combined shareholding in Generali to push for a "more profitable and effective management," challenging Generali's largest single shareholder Mediobanca SpA.

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.

Mr. Caltagirone has been a member of Generali's board of directors since 2007, while Mr. Del Vecchio is chairman of Franco-Italian eyewear company EssilorLuxottica SA and the founder of Luxottica Group.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

December 06, 2021 07:26 ET (12:26 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Generali Chart

1 Year Generali Chart

1 Month Generali Chart

1 Month Generali Chart
ADVFN Advertorial
Your Recent History
BIT
G
Generali
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220528 11:25:43