SENT TO TRIESTE. The big day of the general assembly will be tomorrow. But the games are now done. At 12 noon the voting operations were effectively closed, with the dispatch of proxies to the designated representative of the shareholders. The turnout exceeded 70% of the capital. This, numbers in hand, would mean a probable victory for the slate presented by the outgoing board of directors of the insurance company that re-nominates the current one to Philippe Donnet.
Not only. The difference, thanks to the vote of most of the international funds that followed the advice of the Proxy advisors, could be greater than 6%, i.e. the sum of the disputed 4.4% borrowed from Mediobanca in addition to its 12.79% and 1.4% of De Agostini already sold forwards but who was still able to vote. And this could mitigate – although not exclude – the risk of litigation.
For the deployment fielded by Francesco Gaetano Caltagirone, however, a good success is looming. On his side several entrepreneurs would have lined up in addition to Leonardo del Vecchio, among the critics of the first hour of the current management. Furthermore, among the foundations, the antagonist team, which it nominates as to Luciano Cirinà and as president Claudio Costamagna, would have made inroads not only in the CRT but also among other entities such as the savings bank of Cuneo and that of Lucca. Among the adhesions also that of Cassa Forense with its 1%. In all, the antagonistic line-up with respect to the outgoing board of directors could exceed 30% of the votes. A success crippled, however, by the high turnout that would have determined, with the high influx of international funds, the outcome. On the other hand, it seems difficult for Assogestioni to be able to elect its own representative.
For the official results, however, it will be necessary to wait for the assembly tomorrow morning which, starting at 9, will be introduced by a speech by the outgoing president Gabriele Galateri, with subsequent interventions by the probably reconfirmed CEO Donnet and the financial director Cristiano Borean. Then, in the session behind closed doors, it will be up to Galateri to declaim the outcome.