Italian stocks watchdog bans Vincent Bolloré
Fined three million euros for Premafin transactions
27 January, 12:27
(ANSA) - Milan, January 27 - French industrialist Vincent
Bolloré on Monday was banned for 18 months from positions at
companies listed on the Italian stock market by Italian bourse
watchdog Consob, for alleged illegal share transactions of
Premafin, the holding company founded by former insurance
magnate Salvatore Ligresti.
The chairman and CEO of investment group Bolloré was also
fined three million euros.
According to a Consob statement, the charge is related to
securities transactions in 2010.Ligresti faces trial for alleged involvement in cooking the books at the Fonsai insurance group and acquiring illegal dividends of 200 million euros.
In 2012, Premafin came under the control of Italian financial services company Unipol Gruppo Finanziario.
