Rebel Generali investor ready for legal action in case of narrow defeat -Breaking
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© Reuters. FILE PHOTO: Francesco Gaetano Caltagirone, an Italian businessman, poses for a photo at Claudio Costamagna’s news conference. Claudio is a candidate to the Generali chairman position and Luciano Cirina is a candidate to the Chief Executive Offici.
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© Reuters. FILE PHOTO: Francesco Gaetano Caltagirone, an Italian businessman, poses for a photo at Claudio Costamagna’s news conference. Claudio is a candidate to the Generali chairman position and Luciano Cirina is a candidate to the Chief Executive Offici.2/3
LONDON (Reuters – Generali’s rebel investor (MI:), could sue if his proposal to appoint the top executive at Italy’s largest insurance company loses in a shareholders vote, according to the candidate.
Claudio Costamagna (NYSE:), a former Goldman Sachs banker, said in an interview that Francesco Gaetano Caltagirone was a Generali investor and could sue the other side for a victory at the AGM held April 29 to elect a new Generali Board if the margin of defeat is lower than 6%.
He said that Caltagirone’s camp is “hopeful” to secure the vote from Italy’s Benetton families, which hold around 4% of Generali.
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