|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||10.74 - 11.01|
|52 Week Range||6.55 - 11.25|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||12.07|
|Forward Dividend & Yield||0.89 (8.18%)|
|Ex-Dividend Date||Oct 18, 2021|
|1y Target Est||N/A|
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Power struggles at insurer Generali and Mediobanca have billionaires Leonardo Del Vecchio and Francesco Gaetano Caltagirone pitted against the CEOs of both groups. Del Vecchio, 86, Caltagirone, 78, clinched a shareholder pact in September to consult over decisions concerning Generali ahead of a general meeting in early 2022 to name a new board. They control a combined 12.5% stake in the insurer, after a third smaller investor recently joined their pact, and are opposing a third mandate for Generali's current CEO Philippe Donnet, who has the backing of Mediobanca.
MILAN (Reuters) -Eyewear billionaire Leonardo Del Vecchio has stepped up pressure on Mediobanca's top managers by proposing governance changes at the Italian merchant bank, two years after emerging as its top shareholder. The move comes as Del Vecchio, 86, is engaged in a boardroom spat with Mediobanca over Generali, Italy's top insurer in which Mediobanca is the biggest shareholder. The founder of Ray-Ban owner Luxottica and one of Italy's richest man, Del Vecchio is also a long-time investor in Generali.
MILAN (Reuters) -The board of Assicurazioni Generali on Monday threw its weight behind the reappointment of Chief Executive Philippe Donnet, overlooking opposition from two leading shareholders in Italy's top insurer, two people close to the matter said. Donnet's fate had been called into question by a boardroom row at Generali, Europe's third-largest insurer and one of Italy's most prized financial assets, just as the French manager prepared to present a new business plan in December. The two sources said Generali's outgoing board had agreed by a majority vote to file a slate of nominees for shareholders to vote upon in the spring, including Donnet as CEO.