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Giuseppe De Longhi, the president
of the De'Longhi appliance group, is under investigation along
with his secretary for alleged insider trading, sources said on
Thursday.
The case regards the sale of a 74.97% stake in
air-conditioner producer DeLclima to the Mitsubishi Electric
Corporation in 2015.
De Longhi is accused of passing on price-sensitive
information to his sister, Alberta De Longhi, before the sale.
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