(Alliance News) - Sanlorenzo Spa announced Wednesday that Paolo Olivieri, vice chairman of the board of directors, has sold 1,605 shares in the company.

The shares were sold at an average price of EUR42.4377 for a total consideration of EUR68,112.51.

Sanlorenzo on Wednesday closed 0.6 percent in the red at EUR41.95 per share.

By Chiara Bruschi, Alliance News reporter

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