MILAN, July 3 (Reuters) – Italy’s insurance regulator said on Friday it had authorized Assicurazioni Generali (GASI.MI) investor Delfin to hold a stake of over 10% in the country’s biggest insurer.
Regulator IVASS said the authorization came after Delfin automatically crossed the 10% threshold following Generali’s buyback.
Del Vecchio family’s holding company Delfin is also one of the major shareholders in Mediobanca (MDBI.MI), which holds a majority stake in the insurer.
Delfin, which registered to vote with a 9.8% stake at Generali’s annual shareholder meeting in April, was not immediately available for comment.
Reporting by Federica Urso and Claudia Cristoferi, editing by Federico Maccioni
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Italy’s insurance regulator authorizes Delfin to hold over 10% stake in Generali
