Mediobanca May Delay Vote on Banca Generali Bid, Repubblica Says

Herbert Frommes Versicherungsmonitor

Factuality

Ownership

The decision to sell the Generali subsidiary Banca Generali is only taken in September. Italian investment bank Mediobanca has postponed its Annual General Meeting planned for today, at which its shareholders were to approve the takeover offer. The approval of the shareholders was last considered questionable. Mediobanca is currently the target of a takeover attempt. No matter what happens in the restructuring of Italy's financial sector, it wil…

Quotidiano Nazionale

Factuality

Ownership

On the eve of the vote of the members on the Ops for Banca Generali, Mediobanca summons the Board. On the table, as anticipated by Repubblica, there is the proposal to postpone the Shareholders' Meeting. On 4 June 2006 Srl of the Caltagirone Group had asked the Board of Mediobanca to "propose the Shareholders' Meeting convened on 16 June to decide the postponement of the Shareholders' Meeting at the time when the Partnership Agreements will be d…