Introduction
Calvert and New York City Comptroller Brad Lander are set to support Mediobanca's bid for Banca Generali during a vote scheduled for June 16.
Context
In April, Mediobanca announced its intention to acquire Banca Generali. However, due to the MPS bid and regulations surrounding corporate takeovers in Italy, the bank must first secure shareholder approval before proceeding. A meeting has been organized for June 16 to address this decision.
Developments
Francesco Gaetano Caltagirone, a prominent investor in Mediobanca, has voiced opposition to the bid for Banca Generali, citing concerns over unclear key details. As of now, Calvert and Lander have not revealed their respective stakes in Mediobanca.
Conclusion
The outcome of the upcoming vote will significantly influence Mediobanca's future strategy and its ambitions concerning Banca Generali amidst ongoing investor uncertainties.
