Rome, May 20, 2014 - Cassa depositi e prestiti Spa (CDP) announces that Fondo Strategico Italiano Spa (FSI) launched a hedging programme -and related stock lending activities- to protect against price fluctuations regarding the shares held in Assicurazioni Generali Spa (Generali).
As of today, hedging activities concerned 37.767.364 Generali’s shares
FSI’s shares (69.777.535) and ownership (4,482%) in Generali remained unchanged.
Under the agreement signed by Bank of Italy, CDP and FSI dated December 19th, 2012, FSI committed to sell the equity interest in Generali to third parties, on market terms and conditions. The sale will occur in a reasonable period of time, within December 31, 2015.