Rebel Generali investor ready for legal action in case of narrow defeat

Caltagirone SpA

06/04/2022 17:53

LONDON, April 6 (Reuters) - A rebel investor in Generali
 GASI.MI  could take legal action if his bid to appoint new top
executives at Italy's largest insurer loses by a narrow margin
in a shareholder vote this month, the candidate to the chairman
role said.
    In an interview with Reuters, former Goldman Sachs banker
Claudio Costamagna said Generali investor Francesco Gaetano
Caltagirone could challenge in court a victory by the opposite
side at the April 29 AGM called to elect a new Generali board if
the margin is less than 6%.
    He also said the Caltagirone camp was "hopeful" of securing
the vote of Italy's Benetton family which owns around 4% of
Generali and is yet to take sides in the feud pitting the
construction magnate against Generali's board and its main
investor Mediobanca  MBDI.MI .
    

 (Reporting by Carolyn Cohn and Pamela Barbaglia in London and
Valentina Za in Milan; editing by Stephen Jewkes)
 ((valentina.za@thomsonreuters.com; +39 02 6612 9526;))