G Generali Ass

   By Giulia Petroni 
 

Assicurazioni Generali SpA said Saturday that nonprofit organization Fondazione CRT has joined billionaires Francesco Gaetano Caltagirone and Leonardo Del Vecchio's agreement for a "more profitable and effective management" of the Italian insurer.

Turin-based Fondazione CRT is now part of the shareholders pact with its 1.232% of Generali's share capital. Mr. Caltagirone and Mr. Del Vecchio together control nearly 11% of the insurer.

The parties have agreed to consult each other over decisions concerning Generali, with a particular emphasis on the appointment of a new board of directors ahead of the company's shareholders' meeting next year.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

September 20, 2021 03:32 ET (07:32 GMT)

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