Azimut Holding Faces Regulatory Scrutiny, Shares Plummet
Update: 2025-11-13
Description
Azimut Holding Spa shares plummeted by 15% following the Bank of Italys revelation of severe issues in Azimut Management SGRs operations. The regulators inspections led to Consobs request for public disclosure, emphasizing the gravity of the findings. Azimut pledged to implement urgent corrective actions and a robust management system to tackle the identified problems, particularly in relation to complex financial activities and the TNB project, which requires the Bank of Italys approval.
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