January 20, 2020 / 6:50 PM / a month ago

Italy court declares CHL bankrupt - statement

MILAN, Jan 20 (Reuters) - Italian information technology and e-commerce group CHL said on Monday a court in Florence had declared the group bankrupt.

The court has appointed Cristian Soscia as bankruptcy judge and Vincenzo Pilla as official receiver, CHL said in a statement.

In December Italy’s market watchdog Consob temporarily suspended trading in CHL shares after finding alleged irregularities and possible market abuse.

Reporting by Stephen Jewkes

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