Premuda, shares held by Generali zeroed out

Milan - Consob yesterday formalised the total liquidation of 65.687% and 5.915% shareholding packages in Premuda held by Navigazione Italiana, which is being liquidated, and Assicurazioni Generali.

Trading of the shipping company Premuda’s shares on the stock exchange was suspended indefinitely on 31 March, after the extraordinary shareholders’ meeting reported a significant worsening of its situation with regard to assets and decided to zero out the capital because of losses, in the context of a €1.5 million capital increase. The shareholders furthermore decided to issue participatory financial instruments (unlisted) to PS Navi, a vehicle company of Pillarstone Italy.