The rumors about the possible farewell by Giovanni Giovanni Perissinotto at the helm of Generali he gave wings to the insurance company's share on the Stock Exchange, which by mid-morning gained almost six points, clearly leading the Ftse Mib. In second position among the major increases, the shares of Mediobanca, which gain 4,26%.
The institute of Piazzetta Cuccia is the reference shareholder of the Lion of Trieste and in the extraordinary board scheduled for tomorrow it will question the trust in Perissinotto, despite the manager's broad consensus at the general meeting a month ago.
“The stock trades at very low multiples and a change at the helm of the company could lead to a revaluation of the stock in the short term,” observes a trader. Among the accusations made against Perissinotto there is in fact that of having failed in the attempt to revive Generali's fortunes in Piazza Affari. In the last month, the share of the Lion has lost 22%, which becomes 31% in the last six months, and 45% in the last year.
neither the letter to the shareholders sent today by Perissinotto - in which the CEO says he has no intention of resigning - was enough to reverse the strongly positive trend of Generali and Mediobanca shares.
