0809 GMT - Assicurazioni Generali's shareholders will vote for a new board on April 24 and the list put forward by its largest shareholder, Italian bank Mediobanca, is likely to be approved, Equita says in a research note. "Pending the voting indications of the proxy advisors, it seems reasonable to assume that the large institutional funds will largely support the Mediobanca list," analyst Andrea Lisi writes. The list is based on the current board of directors and nominates the CEO and chair for reappointment. Shareholder Caltagirone's list of six members will reasonably get the votes of Delfin, the holding company of Del Vecchio, while there is uncertainty about how other shareholders Benetton and UniCredit will vote, he notes. A risk on governance will arise if Caltagirone's list--which would break the board's continuity--is appointed, he adds. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

March 31, 2025 04:09 ET (08:09 GMT)

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