Sun 24 Hours, inspection of the Gdf and of the Consob – The Republic

MILAN – The Consob has launched this morning in Milan an inspection at the Sole 24 Ore Group, after the recent financial events that have involved. The move of the authority guarantor of the markets comes after the earthquake at the summit of the Sole 24 Ore with the titles of the newspaper of the Confindustria that are affected by the uncertainty of the future, and they are still penalized at the Piazza Affari (the title). The group closed the first half with a red of 50 million euro, and the accounts have prompted the resignation of president Giorgio Squinzi with five members of the board.

a Few days ago on the subject had intervened directly in the number one of industry, Vincenzo Boccia, according to which “we need to work a great plan of reorganisation and relaunch, now the dossier is one of our priorities”. “We will make beautiful things,” he adds, indicating, “we will absolutely share capital increase”. As for the resignation, announced at the beginning of October by Squinzi and by the other councilors Boccia said: “we respect and now we go forward because the situation of the Sun should be followed carefully at the highest levels”. In addition, the number one of the industrial points out that “the president of Confindustria, can’t ask for an alibi to anyone.

in The words of Ball have been added those of the former president, Emma Marcegaglia, for which Confindustria is united in considering the group publishing its “unavoidable asset”. The bowl has presented to the General Council, that “it took note”, the list of Confindustria for the new board of directors: the current ceo Gabriele Del Torchio “has the confidence” of the shareholder”, but “you have to understand if you will decide to stay or not.” Otherwise, “you’ll have to name another very quickly.”

“Now,” he added, Marcegaglia – obviously, the problem is to do a business plan is very strong, even tough when necessary”. And “you must also see if the current to.d. remains or not, and what will be the choice: if he is still has the confidence of the Council”. After the meeting today in the way of Astronomy, “we go forward together, Confindustria wants to remain behind Il Sole 24 Ore because it is an unavoidable asset. Today, there is the awareness clear that we need a plan of strong industrial but Confindustria wants to enhance it”. As to the allegations, the group has provided a note: “Maximum transparency, maximum peace, maximum cooperation, we are an open book”.

the editorial committee, expression of the journalists, has made its voice heard: “This is not a happy day in the history of the Sun 24 Hours; another would be to say, in these last days. Consob has carried out an inspection with the aim of acquiring documents for the proceedings in the course. Another procedure was initiated, on the side of the criminal, by the public Prosecutor of Milan. The editorial staff of il Sole 24 Ore reiterates its full confidence in the work of the Consob and the milan Magistracy; remember, you have already done publicly, you have taken the distances already from years of decisions, at least, questionable in terms of profitability, while now it is in discussion, on all levels, the legitimacy. All the more so in a crucial moment such as this editorial – that every day is a call to do a newspaper in increasingly difficult conditions – back to reiterate the absolute necessity and urgency of choices of high profile, in total discontinuity with the past.”

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the sun 24 hours

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