Delfin: Basilico to shareholders, ‘trust in the board of directors has been undermined; the holding company’s future is at risk’

‘A worsening atmosphere and strained family relationships’

(Il Sole 24 Ore Radiocor) - Ahead of Delfin’s general meeting on 30 June, Rocco Basilico has put pen to paper and sent a scathing letter to the board and shareholders of the Luxembourg-based holding company. ‘Twelve months on,’ the letter begins, ‘we are once again experiencing a climate of intense tension, perhaps even more so than last year.’ His assessment is clear-cut: “Relations between some of us — and, in my case, unfortunately, even within my own family — have deteriorated further; similarly, the relationship of trust between the shareholders and the board of directors has been undermined. Today we find ourselves once again in a deadlock that risks jeopardising Delfin’s future.”

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