Andrea Di Segni, a partner at Sodali, told Activist Insight Monthly that the influence of international investors in Italy has increased in recent years. Their presence at listed companies’ annual meetings increased by 40% between 2012 and 2015, and they represented the majority of the shares at large firms such as Telecom Italia, Intesa Sanpaolo, Prysmian Group, Finmeccanica and others last year. “Obviously, activist investors now have more room to wage their campaigns,” Di Segni said.
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