The Italian entrepreneur, through his Delfin holding, has allegedly reached the limit of 10 percent of the institution’s eligible capital.
The London-based company’s stock held onto losses occurred in after-hours trading Thursday, trading down 45 percent.
The company’s first day of trading on the Milan Stock Exchange is expected to be Dec. 6.
The companies that came out on top, and those at the bottom of Wall Street, according to WWD.
Shares of the company hit one of its highest levels in weeks.
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