Mediobanca, primarily based in Milan, holds a 13% stake in Generali, making it the insurer’s largest shareholder. The holding has been some extent of competition between Mediobanca and different main traders in Generali, together with the household of the late Leonardo Del Vecchio and businessman Francesco Gaetano Caltagirone. Each traders additionally maintain stakes in Mediobanca and have criticised the financial institution’s funding in Generali, arguing that it lacks strategic objective. They’ve expressed help for Monte Paschi’s method to Mediobanca.
