(Alliance News) - Credito Emiliano Spa reported Wednesday that co-general manager, Stefano Morellini, sold 22,396 ordinary shares in the bank.

The shares were sold at an average price per share of EUR9.3489, for a total consideration of EUR209,377.96.

Credem's stock closed Wednesday up 0.9 percent at EUR9.45 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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