(Alliance News) - Bellini Nautica Spa reported Wednesday that the CEO, Battista Bellini, has sold 40,000 shares of the company's common stock.

The shares were sold at an average unit price of EUR1.57, for a total consideration of EUR62,800.

Bellini Nautica's stock closed Wednesday down 3.1 percent at EUR1.55 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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