|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||12.70 - 12.70|
|52 Week Range||9.20 - 12.70|
|Beta (5Y Monthly)||1.68|
|PE Ratio (TTM)||11.22|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Nov 22, 2021|
|1y Target Est||N/A|
Philippe Donnet, chief executive of Italy's largest insurer Generali, will on Wednesday outline a new company strategy to try to fend off a leadership challenge brought by two billionaire investors. Construction magnate Francesco Gaetano Caltagirone and Leonardo Del Vecchio, founder of eyewear giant Luxottica, have opposed the reappointment of Donnet, 61, whose mandate ends in April. Donnet is set to meet his previous plan's targets, but is caught in a clash between the two tycoons, respectively Generali's no. 2 and no.3 shareholders, and Mediobanca, the biggest Generali investor with a 13% stake. A good market reception on Wednesday for Donnet's strategy would make it harder for Caltagirone, 78, and Del Vecchio, 86, to unseat the French manager who has led Generali since 2016.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Mediobanca S.p.A.Global Credit Research - 13 Dec 2021Paris, December 13, 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Mediobanca S.p.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 2 December 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement.
UniCredit wants to grow its domestic footprint and could consider tie-ups in Italy and abroad, but has no interest in the country's biggest insurer Generali and its top shareholder Mediobanca, CEO Andrea Orcel said in a newspaper interview. UniCredit, Italy's No.2 bank by assets, on Thursday unveiled a three-year plan https://www.reuters.com/markets/europe/unicredit-targets-2024-net-profit-above-45-bln-euros-2021-12-09, pledging to return to investors 16 billion euros ($18 billion) by 2024, or virtually all of the profits generated during the period. Provided UniCredit delivers on the plan, the payout goal would leave intact the bank's excess capital reserves, giving it room to consider potential mergers and acquisitions. In an interview with Italian daily Il Sole 24 Ore published on Saturday, Orcel reiterated that the group could consider M&A deals that strengthen its franchise and its shareholder return plans.