Visibilia suspended on the inventory alternate, judicial administrator appointed | EUROtoday

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The actions of Visible Editor have been suspended from buying and selling. Borsa Italiana introduced this in a observe. In latest days the Milan courtroom had appointed the Turin lawyer Maurizio Irrera as judicial administrator of Visibilia Editore for a interval of six months. The judges had additionally revoked the mandate of the corporate's present board of administrators.

The reorganization on the high of the group was made official in a press launch from Visibilia itself. Irrera has the duty of offering administration and particularly of offering the corporate – which had Daniela Santanché as president till January 2022 – with ample organisational, administrative and accounting constructions, establishing an inner treasury service; exchange the investor relator; revoke the executive physique of the subsidiary Visibilia Editrice and name the assembly for its substitute; confirm that the capital improve authorised by Visibilia Editrice leads to the contribution of ample assets to assist the restoration plan and in any case implement each motion helpful for the profitable consequence of the negotiated settlement process of the already pending disaster.

Last Friday the Business Section of Civil Court of Milan had ordered the corporate to be positioned beneath particular administration, highlighting critical essential points within the accounts and administration of the spa, and accepting the request of the deputy Laura Pedio and the prosecutor Marina Gravina and a bunch of minority shareholders, with the lawyer Antonio Piantadosi.

The courtroom speaks of a “listed” spa that’s now not financially viable, with “irregularities” and “potential pollution” within the steadiness sheets, with none workers anymore and with a formally exterior firm, of which the bulk shareholder is Daniela Santanchè, i.e. Visibilia Concessionaria, which “continues to manage the administration and treasury”, making “choices also regarding payments” to collectors.