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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

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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

What 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.
Who 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.
What is the Benetton family's stake in Generali?
The Benetton family holds a 4.8% stake in Generali.

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