Delfin’s CEO, Francesco Milleri, has confirmed the stability of the company’s holdings in Mediobanca, Generali, and Unicredit. In an interview at the Essilux assembly in Paris, Milleri stated that the shares in Mediobanca remain stable and that they occasionally have to sell in order to avoid exceeding a certain threshold. He also mentioned that their position in Generali is currently undergoing a regularization process, but emphasized that this does not imply any decisions regarding future growth.
Regarding Generali, Milleri explained that their position has never been critical and that they chose not to participate in the last assembly in order to avoid creating any problems. He expressed extreme neutrality and satisfaction with the company’s performance, stating that they are long-term shareholders.
In terms of Mediobanca, where Delfin is just below the 20% threshold that would trigger a mandatory takeover bid, Milleri expressed satisfaction with their results and reiterated their status as long-term shareholders.
When it comes to Unicredit, Milleri highlighted their 100% capital gain and praised the company’s CEO and bankers as among the best in the world. Delfin currently holds approximately 2.5% of the bank’s shares, partly due to buybacks. Milleri jokingly suggested that they should be awarded a merit cup for being the only remaining shareholder from the privatization period.
Overall, Delfin’s CEO conveyed a sense of stability and satisfaction with their investments in Mediobanca, Generali, and Unicredit. While they maintain a long-term perspective, there are currently no plans for significant changes or future growth. The company seems content with their positions and confident in the performance of these financial institutions.