Del Vecchio’s entry has attracted lots of attention. In our view, it only reinstates the situation that was prevailing when MB was protected by a shareholding pact and had no plan to divest its stake in Generali. This is not good news, but this does not deserve a valuation discount either.
16 Sep 2020
Don’t mess with Generali
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Don’t mess with Generali
Mediobanca - Banca di Credito Finanziario S.p.A. (MB:WBO) | 0 0 -0.2% | Mkt Cap: 8,706m
- Published:
16 Sep 2020 -
Author:
David Grinsztajn -
Pages:
2
Del Vecchio’s entry has attracted lots of attention. In our view, it only reinstates the situation that was prevailing when MB was protected by a shareholding pact and had no plan to divest its stake in Generali. This is not good news, but this does not deserve a valuation discount either.