Caltagirone speaks out against the Mediobanca meeting: "Serious flaws in the takeover bid for Banca Generali."

ROME – “The serious information gaps already reported in June remain unchanged.” This is how VM 2006, a company owned by the Caltagirone group , commented on the call for the Mediobanca shareholders ’ meeting for August 21 , at which the shareholders in Piazzetta Cuccia will decide on the green light for the takeover bid for Banca Generali.

The company, in a statement, notes that to date "the precise economic and contractual content of the long-term strategic-industrial partnership agreements in the bancassurance , asset management and insurer-banking sectors that are expected to be concluded between the Mediobanca group, Assicurazioni Generali and Banca Generali is neither available nor known, despite these agreements being an essential element of the offering".

According to VM 2006, advancing the meeting to August 21st from the September 25th date it was initially scheduled for does not allow for "any additional information compared to last June." In this scenario, the resolution proposed by Mediobanca management to the meeting appears completely ineffective and represents a 'blank' delegation to the board of directors, which can only be adopted in the manner required for amendments to the bylaws. VM 2006, therefore, "reserves all decisions and initiatives ."