Salvatore Ligresti, also known as Mister 86%, real estate developer and financier, protagonist of Milan to drink in the 5s and the so-called parlor of Mediobanca, has passed away at the age of XNUMX, then overwhelmed by debts and convictions that marked the end…
Conviction in the first instance for market manipulation on Premafin securities to the Sicilian finance
The request of the prosecutor in the trial for insider trading underway in Milan. There is also a fine of 100 euros. For the other two defendants, three years and 63 euros each are requested.
The court of Turin inflicted 6 years on the ex patron and 5 years and 8 months on his daughter: for the two also a fine of 1,2 million euros.
Salvatore Ligresti's son had been the recipient of a precautionary custody order in the "Fonsai bis" investigation and was then turned in last summer after two years on the run in Switzerland.
The sum, according to the Guardia di Finanza of Turin, was taken by the family to Switzerland in January 2014, while the investigations against Salvatore and his daughter Jonella were already underway.
The prosecutor of Milan Orsi today closed the investigation into the "papello" signed by Salvatore Ligresti and Alberto Nagel in which the former head of Fonsai advanced the requests of his family to leave Premafin and facilitate the merger with…
This was decided by the investigating judge of Milan, Elisabetta Mayer, ordering the indictment for corruption for the engineer from Paternò and for the former number one of Isvap, the supervisory authority of the insurance sector.
Thus the former Consob commissioner Michele Pezzinga comments to the prosecutor Luigi Orsi - according to what emerges from the information gathering report - the decision of the Consob president, Giuseppe Vegas, to "meet the top management of Mediobanca suggesting to modify the…
The trial of Salvatore Ligresti and the three former Fonsai managers remains in the Piedmontese capital, which sees them accused of false accounting and market manipulation - The defense asked to recognize Turin's territorial incompetence, but the court rejected…
The first charge refers to the investigation into the foreign shareholder trusts of Premafin - The second, however, also involves Giancarlo Giannini, former president and commissioner of Isvap.
La Befana brings UnipolSai, the share of the company born from the merger by incorporation into Fonsai of Unipol Assicurazioni, Premafin and Milan, which debuts in Piazza Affari on 6 January - It is not a real freshman because…
The decision falls within the scope of the civil case initiated by the ad acta commissioner of Fonsai and by Unipol - The request for a precautionary attachment was accepted for 120 million euros out of the 440 requested - the exceptions relating to the signed indemnity rejected…
The Milan prosecutor's office has concluded the investigation into the purchase of shares in the company through which the Ligrestis controlled Fondiaria-Sai - For the accusation of market manipulation aimed at keeping the price of the securities high - The transactions carried out through two…
In the early afternoon, the deputies will vote on the no-confidence motion presented against the Minister of Justice by the Movimento 5 Stelle - Cancellieri: "I trust that Parliament will want to confirm its confidence in me".
The chief prosecutor of Turin Caselli informs that the Minister of Justice Anna Maria Cancellieri is not registered in the register of suspects - The documents will be transferred to the Rome prosecutor's office, which may request further information - Cancellieri is not…
The prosecutors of Milan filed the closing act of their investigation into Salvatore Ligresti and the former president of Isvap Giancarlo Giannini, accused of complicity in corruption - Giannini is also accused of having slandered Ligresti, to conceal the fact of…
After the bankruptcy of Imco, the bankruptcy agreement of the other Ligresti holding company, Sinergia, arrives today at the Court of Milan. Fonsai waives credits for 101 million with the Sinergia arrangement. Meanwhile, Minister Cancellieri intervenes in Parliament to explain the…
The Turin prosecutor's office gave a favorable opinion on the request for a three-year and four-month plea bargain presented by the lawyers of Jonella Ligresti, who has been in prison since last July as part of the investigation into Fonsai.
They would have concealed a 600 million euro hole in the 2010 budget - Thus the number of subjects involved in the case rises to 20, between natural persons and companies.
As part of the Fonsai investigation, the Turin judges are asking for immediate judgment for Salvatore Ligresti and his daughter Jonella and for the former managers of Fondiaria Sai Fausto Marchionni, Antonio Talarico and Emanuele Erbetta - They were all arrested with…
The debt agreement between the White House and the Republicans is not there yet but it is approaching: Mario Draghi says it too - And Wall Street is celebrating - Piazza Affari starts on the rise this morning - Important auction today for BTPs…
The Ligresti-Mediobanca, Montepaschi, Zaleski cases reveal how the legislation in force has favored cross-shareholdings, syndicate agreements, groups with minority control and has substantially abolished the prohibition for the administrator to act in conflict of interest, fundamental for…
The merger of Unipol with FonSai, Premafin and Milano Assicurazioni will be operational from XNUMX January - The properties to be evaluated also include those from the former Ligresti galaxy
Salvatore Ligresti's daughter allegedly admitted her responsibilities in the investigation into the past management of Fondiaria Sai - She was accused of false accounting and market manipulation - The plea bargain: 2 years and 8 months in prison, 20 thousand euros in…
The disputes at stake against the Ligresti management could cost Unipol very dearly: up to €87,8m in the event of a conviction on the failed takeover bid for Fondiaria by Sai, Premafin and Mediobanca - In February…
Giulia Maria Ligresti has asked to leave the Fondiaria Sai investigation, for which she was arrested and imprisoned in the Vercelli prison, negotiating a prison sentence.
The Guardia di Finanza is carrying out a preventive seizure of assets for over 250 million euros attributable to the Ligresti family - After the news, the Fondiaria-Sai share lost 0,8% on the stock market to 1,615 euros per share.
The precautionary custody order in prison and under house arrest for the four suspects in the Fonsai investigation has been confirmed. The Court of Review of Turin rejected the requests of the lawyers of Salvatore Ligresti, Antonio Talarico, Jonella Ligresti and Emanuele Erbetta.
In the first Fonsai assembly after Ligresti, new liability actions were promoted almost unanimously against Don Salvatore for the huge damages caused to the insurance group
In addition to Salvatore Ligresti and his two children Giulia Maria and Jonella, the former vice president Antonio Talarico and the former CEO Fausto Marchionni are also in the crosshairs - When Ligresti's third son, Gioacchino Paolo, "was not done…
The legal proceedings turn the spotlight on the shares of the two companies, up for the second consecutive day after the conviction of Tronchetti Provera for receiving stolen goods in the Kroll case and the arrest of the entire Ligresti family for false accounting and market manipulation.
Yesterday was the disclosure of the entry in the register of suspects of Giancarlo Giannini, former president of Isvap, in the Milanese branch of the investigation into the real estate holdings of Ligresti, Imco and Sinergia - The crime hypothesis is serious: corruption and slander.
According to the investigators, the concreteness of the risk of flight is also demonstrated by the circumstance in which, recently, Paolo Ligresti, Giulia Ligresti and Jonella Ligresti have each implemented anomalous capital reductions for substantial funds from Luxembourg companies.
Thus the empire of the Engineer from Paternò wanes, but the effect of the arrests on the stock market discounts the possibility that now for the group's properties the arrangement with creditors will become closer - After an opening in negative territory, Fonsai puts the turbo on …
The Ligresti affair weighs only initially on Piazza Affari: Fondiaria-Sai, after a negative start, is even among the best stocks: +1,97%, and Unipol does even better (+2,51%) - Negative price lists throughout Europe within hours of hearing Bernanke -…
"A disturbing cross-section emerges: an instrumental use of a company like Fonsai, bent on the interest of a part of the shareholder base. The effect was a loss of credibility and the betrayal of small shareholders": said the deputy prosecutor of Turin Victor Nessi,…
In recent decades, the engineer from Paternò had been one of the most powerful financiers in Italy, who held the access keys to the most exclusive power club (i.e. strategic stakes in Mediobanca, Rcs, Pirelli, Generali and more): power which, since 2010…
The sales on Fonsai at the beginning of the session had come after the news of the arrest of the entire Ligresti family had spread - Unipol also did well, gaining about two and a half points in the same minutes.
As soon as the news of the provision requested by the Turin prosecutor's office spread, the stock took the downward path to -2%, only to settle down around -1% in mid-morning, at 1,354 euros per share.
Salvatore, under house arrest, and his three children Giulia, Jonella and Paolo: the entire Ligresti family ended up in handcuffs this morning following the developments of the Fonsai investigation, which sees the accusation of false accounting aggravated for serious damage to the market and manipulation …
"There has been confirmation of the will of all public administrations to implement the Cerba, now the banking sector will have to finalize its proposal, but we can say that the settlement is closer". This is how number one comments…
The new crime hypotheses refer to the group's consolidated financial statements for 2010, in which, also according to Isvap, a hole in the claims reserves of at least 600 million euro was hidden from the market.
Consob fined Salvatore Ligresti, Giancarlo de Filippo and Niccolò Lucchini for a total of 11,3 million euros for operative manipulation of Premafin stock in the period between November 2009 and September 2010.
This morning the engineer was heard in the prosecutor's office in Milan for two hours on several issues related to the ongoing investigations - Fonsai: searches in the offices of Milan, Turin, Bari and Naples by the Gdf - Alleged tampering is being sought...
The new president is the number one of UGF, Pierluigi Stefanini - Jonella Ligresti does not give up the right of withdrawal: Unipol's mandatory takeover bid on the minority shares of Premafin would be "absolutely welcome" - Paolo announces an appeal against the appointment of…
In June, the insurance supervisory institute had found serious irregularities in the management of the company over the past years - Some payments to members of the Ligresti family had also been targeted - The guarantee authority deemed insufficient…
From Ligresti, to Geronzi, up to Perissinotto: the CEO of Mediobanca, Alberto Nagel, has it all in a sensational interview with Repubblica - "We are the ones who blew up the good salons", he says about Geronzi - Ligresti? "We have it…
The group sells more than 2% on the Stock Exchange - The unopted high weighs - Another judicial tile from the Turin Public Prosecutor's Office investigating false accounting - In Milan, Bollorè will also be lighthouse: it would have been included in the investigation
The Fonsai match and the investigation into the "mystery" of the agreement with Ligresti risk costing the CEO of Mediobanca, Alberto Nagel dearly: both in terms of image and because it opens up unprecedented scenarios for the tormented merger between Fondiaria and Unipol …
The CEO of Mediobanca is heard by the Public Prosecutor Orsi as a suspect in collaboration with Salvatore Ligresti - Ligresti is under investigation for market manipulation and obstacle to the supervisory authority - Interrogation underway for over three hours
Piazza Affari in swing - The Draghi effect has spread to all the world's markets and today the Bot auction is held under better auspices after the collapse of the spread - Lagarde warns: the USA is also suffering and keep an eye on…
Very demanding test for Monti - The Treasury must collect 18 billion by Monday - After the Ctzs come the auctions for Bot and Btp - The markets are confidently awaiting the next moves of the Fed and the ECB -…
The spread frightens immediately at 545 but then falls and Piazza Affari recovers - New stimulus to the economy from Bernanke and a forthcoming move by the ECB are expected on the 31st - The epicenter of the crisis remains the eurozone - Bpm plan with 3 thousand…
Tensions rise with the Ligrestis - Piazzetta Cuccia denies the existence of agreements for a severance pay for the family - The seized document also mentions a secretary and a driver for Salvatore Ligresti, but there are no signatures -…
The magistrates of Milan have seized a letter in which an alleged agreement between Salvatore Ligresti and Mediobanca for the exit of the family from Premafin is alleged.
Green light for execution of the €400m capital increase reserved for Unipol as part of the four-way merger plan with Fonsai and Milano Assicurazioni.
Fondiaria-Sai and Unipol shares suspended due to excessive reductions, on the eve of the maxi-capital increases which will involve a request for 1,3 billion from the market in one of the most difficult moments in the history of the Italian financial center - Barclays Bank,…
The Board of Directors of Premafin has begun which could see the resignation en bloc of the directors of the holding company after Paolo Ligresti's request to convene a meeting to appoint a new board - The hypothesis was expressed by a director…
After the move by the judicial custodian of the two shareholder trusts holding 20% of Premafin, the situation becomes more complicated - The times for the Fonsai increase are at risk, the CEO at the meeting assures that the company will take steps to find alternative solutions to…
As part of the four-way merger with Fonsai and Milano Assicurazioni, Unipol and Premafin have modified the agreements, made in January, on indemnity and right of withdrawal - The new agreement prevents the Ligresti family from being rewarded - Be content…
Piazza Affari rises sharply - The markets, from New York to Tokyo, had sent out a sign of hope on the eve of what promises to be a long weekend of tension, marked by the Greek elections - The situation should be monitored by…
The Court of Milan has declared the bankruptcy of the two holding companies Sinergia and Imco which together register a cash deficit of between 80 and 105 million - The deputy attorney Orsi can now proceed against Salvatore Ligresti even…
After a difficult day and the auction of three-year BTPs with yields that shot up to 5,3%, the Milan Stock Exchange managed to close up by 1,47% - The banking sector was the driving force, in particular…
The Milan court has decided not to give the Ligresti holdings any more time as instead requested yesterday by the lawyers to develop a rescue plan - The total debts amount to 400 million euros
Monti plays the privatization card in view of the new test of the Btp with today's three-year auction after yesterday's bloodletting on rates - The Government is ready to put movable and real estate assets on the market -…
Green light with gritted teeth to the 400 million capital increase for Unipol - Ligresti avoids bankruptcy and the sisters Giulia and Jonella are close to tears - But the case is not closed - Paolo Ligresti: "The indemnity is…
Difficult start for Piazza Affari - The single currency below 1,25 against the dollar - Uncertain day on the markets, especially for Italy - Nyt: "Monti is fighting the battle to give Italy a new shape under the shadow of the crisis 'EUR" -…
Ghizzoni: "We have decided to accept Unipol's offer. We, the banks in the syndicate, are willing to approve the restructuring of Premafin's debt. And also the start of enforcement in the event that there is no approval from of the shareholders' meeting of the company" -…
After Premafin's board of directors said yes to Unipol's proposal on share swaps, it seems clear that Ligresti hopes that the intransigence line of the banks will crack and Sator Palladio's alternative offer will take off: the strategy is rejected for…
Piazza Affari is off to a great start: the markets welcome the 100 billion bailout decided by Europe for the Spanish banks - Greece remains unknown where votes are held on Sunday - Final clash between Ligresti and the banks: today the Fonsai and Milan board of directors…
In view of Monday's showdown on the Fonsai-Unipol merger, speculation focuses on the shares of the Ligresti stable with dizzying trading and record prices - Premafin and Milano Assicurazioni soar - Fonsai suspended in mid-afternoon with…
There are discordant rumors about the possibility that Madrid will ask for help for its banks tomorrow - Meanwhile, the lists are negative, even if they limit losses in the morning - The Btp-Bund spread is growing and that between the Bonos and…
The new proposal by the private equity funds envisages a capital increase of 800 million, of which 400 million reserved "for investors, for an issue price between 2 and 2,5 euros per share" and another 400 million "offered in…
If Ligresti does not waive the indemnity and the right of withdrawal, Premafin's capital increase risks skipping and Unicredit's CEO sends an unequivocal signal: "If necessary, we will enforce the pledge", i.e. 35% of Fonsai in…
Vegas says yes in half to the Bolognese company - The exemption from the takeover bid is linked to a thousand conditions - No severance pay for the Ligresti - Now Unipol evaluates the counter-proposal on the exchanges - Race against time for Premafin: either the agreement or…
In the aftermath of the Fondiaria-Sai board meeting on the terms of the exchanges in the context of the merger with Unipol, the shares of Milano Assicurazioni, Premafin, Fonsai and Unipol recorded heavy losses.
Matteo Arpe's fund and the Vicenza-based financial company are ready to set up a newco, at a price between 1,5 and 2,5 euros per share - But Alberto Nagel, CEO of Mediobanca and director of the Unipol operation, has already said…
Green light to the Premafin meeting for the increase, restructuring with the banks and swaps - No to signing the increases, approving the merger and sharing the industrial plan - For the final green light, keep an eye on the commitments made by…
The CEO of Fondiaria-Sai, Emanuele Erbetta, confirmed that the negotiation on the exchange ratios between the two insurance companies and Premafin is in full swing - The Ligresti holding is gaining ground on the Stock Exchange, also the Fonsai stock is doing well.
The insurance group aims to review the swaps according to a ratio that would lead Unipol to 60% of the new post-integration pole against the 66,7% wanted by the Bologna company - The Milano Assicurazione board of directors also takes time - After registration…
The investigators seized 20% of the Premafin holding in the hands of two offshore trusts and entered Salvatore Ligresti in the register of suspects on charges of insider trading - Unipol sells more than 8% in the Milanese stock exchange - Fonsai is also bad (-5,89 %)…
The risk of downgrading for France and the Netherlands and the fear of the markets for Hollande's probable victory are sending stock markets and government bonds back to hell - This morning Piazza Affari is in the red at start-up - Tension over…
Fonsai says yes with reservations on the price of the merger with the Coop company but Don Salvatore is in a storm and is being investigated for insider trading: the Milan Public Prosecutor's Office seizes 20% of Premafin, the holding company of the group which…
The advisor and director of the Fonsai-Unipol marriage heavily penalized today in Piazza Affari - The Ligresti affair remains difficult to interpret on the stock market: Premafin rises, Fondiaria-Sai landslide, Unipol falls - The Milanese list goes down but the spread also falls to 364 points…
A downward start this morning in Milan - Yesterday the success of the Bonos auction and the Monetary Fund's higher growth forecasts had sparked euphoria on the markets, thanks above all to bank stocks - For Ligresti, the specter of…
The levity with which Isvap treated the Ligresti affair pushes the Monti government to make a drastic change: an external president of great authority will be chosen in place of Giannini, who is now expiring - In pole position, the ex Accountant General of…
Last act of the challenge between Palladio-Sator and Unipol. Today the funds led by Roberto Meneguzzo and Matteo Arpe presented a complaint to the Antitrus against the merger project. Competition laws would have been violated for the funds. A story…
The Milan judiciary investigates the flood of money that ended up in the pockets of managers and directors of the Ligresti group despite the crisis devastating its companies - The complaint of the Amber fund and the unbearable lightness of Isvap - Corporate losses…
In a note released by the Premafin company, it confirmed that the integration project with Unipol is continuing - "There are no elements such as to change the announced plans" - According to rumors, Jonella Ligresti will not be part of the list of candidates…
Meneguzzo and Matteo Arpe are attacking the Premafin-Fonsai merger with a project which, according to them, could generate profits of 420 million for the former Ligresti group in 2015
The puzzle of the Greek swap raises the risk of default: tomorrow the terms for private investors to join expire - But after Black Tuesday, Piazza Affari and the European stock exchanges recover - The Btp-Bund spread rises to 330bp…
RICCARDO GALLO'S CHECK UP - Asset weakness and insufficient size are among the main causes of the instability of the Ligresti insurance group which own 7 per thousand of the assets (!) - For the future it is necessary to evaluate…
Despite the heavy debt, the share reorganization plan leveraging Unipol and the duel with Palladio-Sator led Premafin shares to earn more than double compared to the second most successful stock, Gabetti - At the top we find…
Visit to Piazzetta Cuccia in the presence of CEO Alberto Nagel and Gerardo Graggiotti of Banca Leonardo - "It was just a courtesy meeting", declared Graggiotti - Meanwhile the Premafin stock soars: +24%.
Big increases in Piazza Affari for the three companies that will merge with Premafin - The president of Finsoe, Marco Pedroni, revealed that the cooperative companies plan to allocate 300-350 million euros to Unipol's capital increase in…
Over the weekend, the plan that will lead to the creation of the large insurance hub led by Unipol was defined - The project has undergone some changes: no to the Finsoe takeover bid, and Fonsai capital increase of 1,1 billion -…
The postponement is also valid for "the conclusion of the verification activity by Unipol currently underway at Premafin, Fondiaria Sai and Milano Assicurazioni".
The operation will be concluded in a short time before transforming into reality the plan contained in the letter of intent signed last Friday between the Bolognese group and the Ligresti family.
Just a few more days and it will be known whether Mediobanca will succeed in marrying Fondiaria Sai and Unipol, the former Coop goose that lays the golden eggs - However it turns out, nothing seems able to stop the decline of the Ligresti group and…
