MILANO – After the exit of the Benettons – with their 2.1% stake in the Edizione holding – the Mediobanca agreement opens the doors to a new shareholder, once again accounting for approximately 10% of the share capital of Piazzetta Cuccia. The consultation agreement in fact marks the entry of Monge & C with 1.09% of the capital and records the rounding of the positions of the other historical participants: Gavio rose to 1.25% (from 0.6% ) and Lucchini at 0.53% (from 0.38%). Furthermore, Angelini and Vittoria Assicurazioni (Acutis) had already risen to 0.45 and 0.25% respectively.
Mediobanca, French assist. Bnp Paribas lends 4.3% of Generali to Nagel
by Sara Bennewitz
The news of these changes was given by a press release issued after the pact assembly that unanimously approved the arrival of Monge, the family that from Turin built an empire of food for animals. And Mediobanca’s consultation agreement “could expand by the end of the year: the current shareholders are willing to move up and expressions of interest are also expected from outside the company”, a source leaked to the agencies. “There is also the support of partners outside the agreement who have about 5%” he added, referring to Unipol, Bollorè, Della Valle and Bertazzoni, who “appreciate the bank’s plan and share its strategy”. Neither Delfin’s nor Generali’s requests were discussed at today’s meeting.
Leonardo Del Vecchio’s holding has asked for changes to the statute of the Milanese institute and to the board of directors and to Alberto Nagel to give more space to one or more minority lists, as for example already does the statute of Generali, and to eliminate the item in which it is prescribed that a Mediobanca majority list must contain, under penalty of nullity, the names of at least three managers of the institution. As for the insurance company, a battle is taking place between the axis of Caltagirone and Del Vecchio which aims to replace Philippe Donnet from the leadership of the Lion to push on international growth and the part that recognizes itself in the majority shareholder – Mediobanca itself – which is satisfied with the results and aims to define the new top management of the Trieste-based company at the meeting next spring through a list prepared by the outgoing board of directors. Just in Generali, other news today, Francesco Gaetano Caltagirone has further increased his share with a series of transactions, to 6.45% from the previous 6.26%. There are six transactions reported in an internal dealing published today and carried out between 28 and 29 September.
Generali, the board splits: go-ahead with a majority to the list of the board of directors
by Sara Bennewitz
None of this would therefore have been addressed by the meeting of the Mediobanca pact, which according to the participants was conducted in formal tones, for about an hour: “We appreciated the results and the plan,” said one of the participants. “sharing the strategy”.
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