Rebel Generali investor ready for legal action in case of narrow defeat

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In an interview with Reuters, former Goldman Sachs (NYSE:GS) banker Claudio Costamagna said Generali investor Francesco Gaetano Caltagirone could challenge in court a victory by the opposite side at the April 29 AGM called to elect a new Generali board if the margin is less than 6%.

He also said the Caltagirone camp was “hopeful” of securing the vote of Italy’s Benetton family which owns around 4% of Generali and is yet to take sides in the feud pitting the construction magnate against Generali’s board and its main investor Mediobanca (OTC:MDIBY).