28 November 2016 - 16:23

The Assicurazioni Generali Board of Directors, which met today under the Chairmanship of Gabriele Galateri di Genola, examined the Voluntary Public Offer launched by Banca Monte dei Paschi di Siena SpA (BMPS), with regards to subordinated bonds issued or guaranteed by BMPS, with the obligation of the equivalent amount to be reinvested into new BMPS shares.

The Board gave a favourable opinion to such conversion and conferred a mandate on the Group CEO to convert the subordinated debt in this offer held by Generali into BMPS shares.