Reuters: Bankruptcy News: Italy court declares Ligresti holdings bankrupt-sources

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Italy court declares Ligresti holdings bankrupt-sources Jun 14th 2012, 13:50 MILAN, June 14 | Thu Jun 14, 2012 9:50am EDT MILAN, June 14 (Reuters) - A Milan court has declared two holding companies belonging to the Ligresti family, which controls troubled insurer Fondiaria-SAI, bankrupt, judicial sources said on Thursday. Sinergia and Imco were placed under investigation by Milan prosecutors at the end of April, as part of a broader probe involving Ligresti patriarch Salvatore for market rigging. The two companies hold around 10 percent each of Ligresti-controlled Premafin which in turn holds more than 35 percent of Fondiaria. Lawyers representing the two companies had asked for a two-week postponement of proceedings to better prepare the case. (Reporting By Sara Rossi, writing by Stephen Jewkes)

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