MILANO – The strategy expressed by Francesco Gaetano Caltagirone for Generali it offers “a long-term entrepreneurial vision, which not only seeks dividends but also looks at the growth needs of the company”. He said it Leonardo Del Vecchio in an interview with Bloomberg. The patron of Luxottica, the third shareholder of Leone, defined the Caltagirone list, which in the shareholders’ meeting of 29 April will challenge the one presented by the outgoing board and headed by the CEO Philippe Donnet, “highly competent and well balanced”. As for Luciano Cirinà’s candidacy as CEO “what I appreciate most of all is seeing a manager within the group, with a long and successful career at Generali, being proposed as CEO”, said Del Vecchio.
Generali, Caltagirone at 9.52% and Del Vecchio can also go up
by Andrea Greco, Vittoria Puledda
According to market estimates, Del Vecchio currently owns 8.2% of the Leone, but after having dissolved the consultation agreement that linked him to the Crt Foundation, and from which Caltagirone had previously exited, he could increase his share up to 9.9%.
Del Vecchio criticized Mediobanca, the first shareholder and main supporter of the Donnet list, for the stock lending that will allow Piazzetta Cuccia to vote with more than 17% of the capital in the Leone assembly, despite a 13% shareholding. “I’m from the old school who think entrepreneurs should invest their resources,” said the founder of Luxottica, in an interview with Bloomberg. “I recently discovered that company shares can only be leased to vote at a shareholders’ meeting and then returned to their owners. If this practice becomes widespread and legitimate I think there could be serious consequences for our economy,” he said. Of the Old Man. Del Vecchio is also the largest shareholder of Mediobanca, with 19% of the capital.
Generali, the final battle everything will remain as before but nothing will be the same as before
by Francesco Mancorda
