Caltagirone, with Delfin uncoordinated and differentiated purchases | EUROtoday

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The Caltagirone group rejects any expenses concerning the continuing investigations by the Milan Prosecutor’s Office concerning a possible live performance with the Del Vecchio household’s Delfin. This is what emerges from the board of administrators of Caltagirone spa which “carried out an in-depth analysis of the circumstances set out in the search and seizure decree notified” on 27 November.

In explicit, the group reported how the purchases of Mediobanca securities “were not coordinated with Delfin” however reasonably “differentiated over the years”. On Generali, then, “the purchases of shares by the two groups” have been “progressively carried out over a period of approximately 15 years”. The firm due to this fact underlined that the supply for the Mef tranche on MPS securities was totally different from that promoted by the holding firm of the Del Vecchio household and with respect to the accusation of getting agreed on the votes to be expressed within the Mediobanca conferences, the 2 entities, the Caltagirone group highlighted, moved “in most cases with divergent votes”.

It is then recalled that the 2 representatives of the Caltagirone Group inside MPS “voluntarily abandoned the meeting” which selected the Ops on Piazzetta Cuccia, which is why their vote couldn’t have been decisive.

Having stated this, the board of administrators, unanimously satisfied of the correctness of the president Francesco Gateano Caltagirone, so as to «keep away from any potential dangerous exploitation for the corporate with respect to the administration of the shareholdings instantly and not directly held in Banca Monte dei Paschi di Siena and Assicurazioni Generali», has established that the voting choices that the group will finally be referred to as upon to make within the conferences of the financial institution and the insurance coverage firm can be «priorly submitted to the opinion of the Independent Directors Committee».

However, that is accomplished with the hope that, by reaffirming full belief within the judiciary, “the correctness of the president’s behavior can be recognised” shortly “also to protect the good management of the Generali group”.