|Bid||17.37 x 0|
|Ask||17.38 x 0|
|Day's Range||17.29 - 17.52|
|52 Week Range||11.18 - 18.00|
|Beta (5Y Monthly)||1.19|
|PE Ratio (TTM)||11.05|
|Earnings Date||Nov. 11, 2021|
|Forward Dividend & Yield||1.47 (8.31%)|
|Ex-Dividend Date||Oct. 18, 2021|
|1y Target Est||N/A|
MILAN (Reuters) -Two Italian tycoons who are leading investors in Generali are looking for allies after joining forces in a bid to have a say over the choice of the insurer's next chief executive, a document showed on Friday. Construction magnate Francesco Gaetano Caltagirone and eyewear billionaire Leonardo Del Vecchio on Saturday unveiled a shareholder pact to consult over decisions concerning Generali ahead of a general meeting in early 2022 to name a new board. Following a request by market regulator Consob to disclose additional information about the agreement, Generali on Friday said the pact clinched by Del Vecchio, 86, and Caltagirone, 78, was open to other investors.
Italian asset manager Banca Generali said there had been no new writedowns on bonds linked to the healthcare system, after a report in the Financial Times on Thursday highlighted recent provisions. The Financial Times reported that Banca Generali had written down the value of almost 500 million euros of such bonds. A spokesperson for Banca Generali referred to a July 27 statement by the company which had flagged 80 million euros in provisions on investments on healthcare receivables.
Generali said a majority of its board members was in favour of keeping Chief Executive Philippe Donnet in his job for another mandate, as shareholders in Italy's biggest insurer spar over governance and strategy. Generali said a majority of non-executive directors had expressed appreciation for Donnet's work at a meeting on Tuesday and had welcomed his willingness to be re-appointed when the insurer names a new board in the spring. Two people close to the matter said eight out of 12 board members at the meeting were in favour of Donnet.