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UniCredit supports Caltagirone in Generali board battle amid takeover challenges
UniCredit has emerged as a significant investor in Generali with a 6.7% stake, backing rebel investor Francesco Gaetano Caltagirone in a recent shareholder vote, despite Caltagirone's defeat. This move may influence government opposition to UniCredit's takeover bid for Banco BPM, which faces challenges from both the government and Credit Agricole, its main investor. CEO Andrea Orcel's strategy includes leveraging the Generali stake to enhance bargaining power amid ongoing battles in Italian finance.
generali explores collaboration opportunities with unicredit across various sectors
Assicurazioni Generali's CEO Philippe Donnet has indicated potential collaboration with UniCredit in various sectors, following discussions with his counterpart. Current partnerships exist in Eastern Europe, but opportunities may expand beyond insurance. UniCredit holds a 4.1% stake in Generali as a financial investment.
Generali explores expanded partnership opportunities with UniCredit CEO reveals
Generali's CEO, Philippe Donnet, indicated potential for expanding partnerships with UniCredit beyond their current insurance collaborations in Eastern Europe. Following UniCredit's increased stake in Generali, Donnet mentioned discussions with CEO Andrea Orcel and emphasized a disciplined approach to future M&A opportunities aligned with the company's priorities.