"Italian tycoon Leonardo Del Vecchio is backing a push for a change in leadership at Assicurazioni Generali SpA, saying that a proposed slate of new managers put forward by investor Francesco Gaetano Caltagirone could free the way for a major deal involving Italy's largest insurer."
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"Assicurazioni Generali SpA requested regulators to assess whether the stakes purchased by a shareholder group including construction magnate Francesco Gaetano Caltagirone and Leonardo Del Vecchio are in compliance with insurance sector rules."
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"The move comes at a time when shareholders Francesco Gaetano Caltagirone and Leonardo Del Vecchio, the founder of eyewear giant Luxottica, are seeking to challenge Mediobanca SpA's grip on Generali. "
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"Construction magnate Francesco Gaetano Caltagirone and Leonardo Del Vecchio, the founder of eyewear giant Luxottica, are preparing a plan for Generali to counter the one that will be presented by Chief Executive Officer Philippe Donnet on Dec. 15, a person familiar with the matter said, asking not to be named discussing private information. "
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"Construction magnate Francesco Gaetano Caltagirone and Leonardo Del Vecchio, the founder of eye-wear company Luxottica, have long complained about both the investment bank's control and Generali's management."
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"Construction magnate Francesco Gaetano Caltagirone and Luxottica founder Leonardo Del Vecchio, who together own about 11% of Generali, last week reached an accord to work toward "a more profitable and effective management" of the insurer."
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"Construction magnate Francesco Gaetano Caltagirone and Luxottica founder Leonardo Del Vecchio, who together own about 11% of Generali, reached an agreement to work toward "a more profitable and effective management" of the insurer, according to a statement on Saturday."
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"Construction magnate Francesco Gaetano Caltagirone and Luxottica founder Leonardo Del Vecchio, who together own 11% of Generali, made a deal to work for "a more profitable and effective management" of the insurer, according to a statement on Saturday."
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"Some of the company's Italian investors -- including construction magnate Francesco Gaetano Caltagirone -- have been pushing for changes in the insurer's governance, according to local media reports."
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"Construction magnate Francesco Gaetano Caltagirone has bought more than 1% of Mediobanca SpA, joining Luxottica founder Leonardo Del Vecchio in the shareholding at Italy's largest traded investment bank."
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