Rebel Generali investor ready for legal action in case of narrow defeat

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXNPEI350XL_L.jpg

In an interview with Reuters, former Goldman Sachs (NYSE:GS) banker Claudio Costamagna said Generali investor Francesco Gaetano Caltagirone could challenge in court a victory by the opposite side at the April 29 AGM called to elect a new Generali board if the margin is less than 6%.

He also said the Caltagirone camp was “hopeful” of securing the vote of Italy’s Benetton family which owns around 4% of Generali and is yet to take sides in the feud pitting the construction magnate against Generali’s board and its main investor Mediobanca (OTC:MDIBY).