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    Home > Finance > Italy's Benetton family to abstain in vote on new Generali board, sources
    Finance

    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 read

    Last updated: January 24, 2026

    Italy's Benetton family to abstain in vote on new Generali board, sources - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    The Benetton family will abstain from the Generali board vote, avoiding a shareholder battle between Mediobanca and Caltagirone.

    Benetton Family to Abstain in Generali Board Vote

    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)

    Key Takeaways

    • •Benetton family holds a 4.8% stake in Generali.
    • •They will abstain from the Generali board vote.
    • •Mediobanca-backed slate is expected to prevail.
    • •Caltagirone proposes an alternative slate.
    • •Benetton considers backing a Monte dei Paschi offer.

    Frequently Asked Questions about Italy's Benetton family to abstain in vote on new Generali board, sources

    1What is the main topic?

    The article discusses the Benetton family's decision to abstain from voting in the Generali board election, amidst a shareholder battle.

    2Who are the key players in the Generali board vote?

    The key players are Mediobanca, Generali's top investor, and Francesco Gaetano Caltagirone, the second-largest investor.

    3What is the Benetton family's stake in Generali?

    The Benetton family holds a 4.8% stake in Generali.

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