A first successful year for the Solidarity banker programme2019/05/16
- 3 min
Paris - Trieste, 24 aprile 2009
Crédit Agricole S.A. and Assicurazioni Generali S.p.A. have reached an agreement regarding their respective holdings in Intesa Sanpaolo S.p.A.
Under the terms of the three-year agreement, which corresponds to 10.89% of Intesa Sanpaolo's ordinary share capital (of which 5.82% is held by Crédit Agricole S.A. and 5.07% by Generali Group), the two companies will coordinate the exercise of certain corporate rights stemming from these shareholdings, and will consult each other prior to making any related decision, with a view to better contribute to the value growth of the Company.
More specifically, Crédit Agricole S.A. and Assicurazioni Generali will agree to:
consult one another in advance of Intesa Sanpaolo's General Meeting Supervisory Board, and/or Management Board meetings in order to agree a common stance on items on the agenda of that are of strategic interest to one or both parties;
submit a joint list of candidates for the election of Intesa Sanpaolo's next Supervisory Board, which will be agreed on a proportional basis in accordance with its articles of association;
consult one another regarding the possibility of nominating candidates for Intesa Sanpaolo's Board of Directors.
The agreement will not limit the parties' right to sell, or otherwise transfer Intesa Sanpaolo shares.