(ANSA) – MILAN, MARCH 25 – It’s called ‘Awakening the Lion’, awakening the lion, the program of the Caltagirone group’s candidate list for Generali that aims for profits of around 4.2 billion in 2024, a cumulative cash generation for approximately 9.5-10.5 billion in the period 2022-2024, approximately 1.5-1.6 billion investments in digital and technological transformation, with an annual cost reduction target of up to 0.6 billion, to the maximization of cash availability for M&A activities up to approximately 7 billion. Confirms the dividends foreseen by the Investor Day of December 15 in the plan presented by the ceo Philippe Donnet for the three-year period and the share repurchase.
The program, which is presented to the financial community and to the press, provides for five lines of action: the rationalization of geographical presence, the efficiency of central and administrative costs, improving operational performance in individual countries, investments in tech and data analytics, focus on M&A transactions.
Criticisms are then expressed at the plan presented by the Board of Directors because – explains the note released by the Caltagirone list – “it does not change course due to the decline of the company” and “does not focus on the main weaknesses of the company”. Furthermore – it is added – “the current governance prevents the growth of the company and the maximum creation of value for all shareholders”. (HANDLE).
Source: Ansa
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