There is agitation in the Crt Foundation for how the Generali dossier is progressing. The Turin body, which owns 1.71% of the insurance company, remained in the consultation agreement together with Leonardo Del Vecchio’s Delfin. An agreement from which the second shareholder of Leone (8%), Francesco Gaetano Caltagirone, has recently left, committed to making an alternative list to that of the board of directors. The reassurances that the Board of Directors in via XX Settembre put pen to paper in December were not enough, explaining that “the shareholders’ agreement expressly excludes commitments regarding the exercise of joint control over the company and forms of influence on management”. To clarify with some representatives of the Steering Council, the top management of the Foundation called an “informal meeting” expressly dedicated to the topic for Tuesday and then, the next day, the three commissions that have communications from President Giovanni on the agenda Quail and further clarifications.
To warm the minds, the danger feared by some directors that responsibilities, risks and sanctions connected to the IVASS legislation and the Consolidated Law on Finance may emerge, on which Consob supervises compliance, in the event that a hypothesis of agreement between the parties is identified . The moves of the three shareholders are in fact at the center of the questions addressed to the two authorities by the Board of Directors of Generali which asked to verify whether an agreement that goes beyond consultation is conceivable. The doubts that meander in CRT are linked to three specific elements that are stirring the minds among the members of the Board of Directors and steering advisers. In particular, they concern, as reported in some correspondence, “substantially contextual purchases of new share packages, the resignation of members of the Board of Generali in a very short timeframe and news regarding the creation of a common list and shared objectives that appeared on the bodies of the press do not deny “. From here comes the request for a legal opinion that dispels all doubts. –