Bankruptcy Court of Milan

Bioera, the former Santanchè company, liquidated: stock suspended. The minister: "Extraneous and calm".

The bankruptcy could lead to the opening of a bankruptcy file against directors and former

Visibilia, Santanche': "Se spostata in Cassazione forse non doveva iniziare a Milano"

2' min read

2' min read

The bankruptcy court of Milan has ordered the judicial liquidation, the institution that replaced the old bankruptcy, for Bioera, the bio-food group's spa whose Tourism Daniela Santanchè was president until 2021 and which had among its directors the FdI senator's former partner, Canio Giovanni Mazzaro.

The judges granted the request of prosecutors Marina Gravina and Luigi Luzi.

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The order came after the hearing on 14 November, set to discuss the 'application for approval of the debt restructuring agreement proposed by the company'.

As a result, the court explained, 'of the emergence of multiple critical issues, linked to the unavailability of useful resources to pay creditors not adhering to the agreement itself, to the non-execution of a planned capital increase, and to the impossibility in practice of enforcing a formally existing personal guarantee'. The company's petition 'aimed at proceeding with the substantial amendment of the agreement was not granted, as it lacked an effective industrial, financial and cash flow plan'.

Santanchè: 'I am an outsider, but I understand the headline'

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"I don't understand why they bring me into the picture, as I am absolutely extraneous, but I understand that it makes headlines and perhaps sells a few more copies". This was said by the Minister of Tourism, Daniela Santanchè, arriving at the Cnel headquarters for the general assembly of Confindustria Alberghi, responding to a question on the judicial liquidation of Bioera, ordered today by the bankruptcy court of Milan. 'There was a television programme that speculated on a dead man,' he added, 'on a photo that the Milan Public Prosecutor's Office had to intervene to say that there absolutely was not, I am absolutely calm. What displeases me is this fury that even in things where I have nothing to do with it, they bring me into the picture.

Italian Stock Exchange, Bioera share suspended pending announcement

Bioera's shares are suspended from trading 'pending announcement'. This was reported by Borsa Italiana in an urgent statement on its website, after the Court of Milan declared the opening of the judicial liquidation procedure (the former bankruptcy) of Bioera, a Biofood company led until 2021 by the Minister of Tourism, Daniela Santanchè. Before the suspension, the stock was down 1.5% at EUR 0.0394 per share.

Bioera's negative equity is 8 million

The hearing on Ki Group holding

on 11 December 2024

The delegated judge in the proceedings, Francesco Pipicelli, appointed as receiver the lawyer Corrado Camisasca, 'already judicial commissioner of the proceedings'. The commissioner's report indicated that the company currently has a 'negative net worth' of around 8 million. It is now, in essence, a bankruptcy that could lead to the opening of a bankruptcy file against the directors and former directors in criminal proceedings. Meanwhile, a hearing is scheduled for 11 December to discuss the future of Ki Group holding, another of the companies of the bio-food group once led by Santanchè and Mazzaro.

I ministri più ricchi, ecco chi sono

An application by the public prosecutor's office for judicial liquidation is also pending on this company.

Ki Group srl is bankrupt in January 2024

Ki Group srl, on the other hand, went bankrupt in January. Prosecutors are waiting for the report of the bankruptcy receiver and in this case, bankruptcy charges could also be brought against the former directors.

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