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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Società Cattolica di Assicurazione - Società Cooperativa    CASS   IT0000784154

SOCIETÀ CATTOLICA DI ASSICURAZIONE - SOC

(CASS)
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Società Cattolica di Assicurazione Società Cooperativa : Cattolica says tax police search headquarters in probe into shareholders' meetings

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08/01/2020 | 01:49pm EDT

Tax police searched the headquarters of Italy's Cattolica Assicurazioni on Friday and took documents as part of an investigation by market regulator Consob into alleged undue influence over three shareholders' meetings, the company said.

The meetings under investigation include one held on Friday, where investors approved Cattolica's conversion into a joint-stock company, it said, paving the way to a tie-up with larger rival Generali.

Cattolica said in a statement on Saturday that tax police had also notified some of its representatives that they were under investigation.

The company said all three of the shareholders' meetings under investigation had been held correctly, and that it was ready to fully cooperate with authorities.

Cattolica added that resolutions approved by Friday's shareholders' meeting were "valid for all intents and purposes".

"The important operation with Generali will continue as planned," it said.

The Verona tax police were not immediately available for comment.

(Reporting by Giulio Piovaccari; Editing by Jan Harvey)

Stocks mentioned in the article
ChangeLast1st jan.
ASSICURAZIONI GENERALI S.P.A. -0.98% 13.17 Delayed Quote.-27.70%
SOCIETÀ CATTOLICA DI ASSICURAZIONE - SOCIETÀ COOPERATIVA 0.10% 5.075 Delayed Quote.-30.26%
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Financials
Sales 2020 6 532 M 7 731 M 7 731 M
Net income 2020 91,4 M 108 M 108 M
Net Debt 2020 1 666 M 1 972 M 1 972 M
P/E ratio 2020 12,7x
Yield 2020 0,31%
Capitalization 848 M 1 000 M 1 004 M
EV / Sales 2020 0,38x
Capi. / Sales 2021 0,12x
Nbr of Employees -
Free-Float 86,8%
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Technical analysis trends SOCIETÀ CATTOLICA DI ASSIC
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 5,29 €
Last Close Price 5,07 €
Spread / Highest target 14,4%
Spread / Average Target 4,34%
Spread / Lowest Target -11,2%
EPS Revisions
Managers
NameTitle
Carlo Ferraresi Chief Executive Officer & General Manager
Paolo Bedoni Chairman
Valter Trevisani CEO-Technical Department & Operations
Atanasio Pantarrotas Chief Financial Officer
Barbara Blasevich Deputy Chairman