Italy's Benetton family to abstain in vote on new Generali board, sources
Published by Global Banking & Finance Review®
Posted on April 24, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on April 24, 2025
1 min readLast updated: January 24, 2026
The Benetton family will abstain from the Generali board vote, avoiding a shareholder battle between Mediobanca and Caltagirone.
MILAN (Reuters) -Italy's Benetton family, a leading investor in Generali with a 4.8% stake, will abstain in Thursday's vote to pick the insurer's new board, keeping out of a shareholder battle, two people close to the matter said on Thursday.
The vote is pitting a slate of candidates backed by Generali's top investor Mediobanca, which is expected to gain the most seats and keep the current Generali CEO in the job, against another slate put forward by Generali's No.2 investor Francesco Gaetano Caltagirone.
The sources said that while the Benetton family was not taking sides on Thursday, it was considering backing a buyout offer by Monte dei Paschi di Siena for Mediobanca.
(Reporting by Valentina Za, editig by Sara Rossi)
The article discusses the Benetton family's decision to abstain from voting in the Generali board election, amidst a shareholder battle.
The key players are Mediobanca, Generali's top investor, and Francesco Gaetano Caltagirone, the second-largest investor.
The Benetton family holds a 4.8% stake in Generali.
Explore more articles in the Finance category
