The arrest of the Ligresti family and the former top management of Fondiaria Sai triggers the stock market selling of the insurance company. As soon as the news of the provision requested by the Turin public prosecutor's office spread, the stock took the downward path down to -2%, only to then settle around -1% in mid-morning, at € 1,354 per share.
The limited decline is explained by the fact that the Ligrestis and the former managers are no longer linked to the insurance group, even if there is still the fear of negative repercussions on the company that could weaken the stock.
The Guardia di Finanza of Turin, as part of the investigation into Fonsai, had carried out in these hours seven ordinances precautionary custody against members of the Ligresti family, Salvatore and his children Giulia, Jonella and Paolo, and three former Fonsai managers, Fausto Marchionni, Emanuele Erbetta and the former vice president Paolo Talarico.
