Court Rejects Bid to Block Milan Bourse CEO Reappointment
An Italian court rejected a bid by CDP to block Fabrizio Testa's reappointment as Milan Bourse CEO. The ruling likely clears the way for a new three-year term.
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An Italy court rejected a bid by state lender Cassa Depositi e Prestiti (CDP) to block the reappointment of Fabrizio Testa as CEO of the Milan Stock Exchange. CDP, which holds an 8.1% stake in EURONEXT NV, sought to force a broader search process for the leadership role. The ruling clears a path for Euronext to maintain its current management structure despite Italian government pressure for more influence.
