Italian Court Rejects CDP's Bid to Block Milan Stock Exchange CEO's Reappointment

Deep News

May 04

An Italian court dismissed an emergency application on Monday from the state lender CDP that sought to block the reappointment of Milan Stock Exchange CEO Fabrizio Testa, according to informed sources.

The Milan court ruled that the conditions for urgent intervention claimed by CDP were not met, leading to the rejection of its request. The decision removes a key obstacle to Testa securing a new three-year term, which is expected to be formally approved during the Milan Stock Exchange’s shareholder meeting this week.

CDP holds approximately 8.1% of Euronext, the operator of the pan-European stock exchange and the parent company of the Milan Stock Exchange. CDP had previously urged Euronext to consider alternative candidates to Testa and conduct a formal selection process, but Euronext resisted these demands.

Euronext CEO Stéphane Boujnah has publicly expressed support for Testa, praising the "unprecedented performance" of the Milan Stock Exchange since he took leadership in 2021.

This marks the second legal setback for CDP in related proceedings, following a similar rejection by an Amsterdam court. However, CDP is still pursuing a separate lawsuit in Amsterdam, indicating that the dispute over governance of the Milan Stock Exchange is likely to continue.

The Milan Stock Exchange controls MTS, the primary trading platform for Italian government bonds with a total volume of approximately €2.7 trillion, making its leadership a matter of high strategic importance in Italy.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/1161385407"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1161385407\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1161385407?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-04 22:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1161385407","market":"other","top_or_hot":-1,"title":"Italian Court Rejects CDP's Bid to Block Milan Stock Exchange CEO's Reappointment","media":"Deep News","content":"<p>An Italian court dismissed an emergency application on Monday from the state lender CDP that sought to block the reappointment of Milan Stock Exchange CEO Fabrizio Testa, according to informed sources.</p>\n<p>The Milan court ruled that the conditions for urgent intervention claimed by CDP were not met, leading to the rejection of its request. The decision removes a key obstacle to Testa securing a new three-year term, which is expected to be formally approved during the Milan Stock Exchange’s shareholder meeting this week.</p>\n<p>CDP holds approximately 8.1% of Euronext, the operator of the pan-European stock exchange and the parent company of the Milan Stock Exchange. CDP had previously urged Euronext to consider alternative candidates to Testa and conduct a formal selection process, but Euronext resisted these demands.</p>\n<p>Euronext CEO Stéphane Boujnah has publicly expressed support for Testa, praising the \"unprecedented performance\" of the Milan Stock Exchange since he took leadership in 2021.</p>\n<p>This marks the second legal setback for CDP in related proceedings, following a similar rejection by an Amsterdam court. However, CDP is still pursuing a separate lawsuit in Amsterdam, indicating that the dispute over governance of the Milan Stock Exchange is likely to continue.</p>\n<p>The Milan Stock Exchange controls MTS, the primary trading platform for Italian government bonds with a total volume of approximately €2.7 trillion, making its leadership a matter of high strategic importance in Italy.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Italian Court Rejects CDP's Bid to Block Milan Stock Exchange CEO's Reappointment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nItalian Court Rejects CDP's Bid to Block Milan Stock Exchange CEO's Reappointment\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-05-04 22:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>An Italian court dismissed an emergency application on Monday from the state lender CDP that sought to block the reappointment of Milan Stock Exchange CEO Fabrizio Testa, according to informed sources.</p>\n<p>The Milan court ruled that the conditions for urgent intervention claimed by CDP were not met, leading to the rejection of its request. The decision removes a key obstacle to Testa securing a new three-year term, which is expected to be formally approved during the Milan Stock Exchange’s shareholder meeting this week.</p>\n<p>CDP holds approximately 8.1% of Euronext, the operator of the pan-European stock exchange and the parent company of the Milan Stock Exchange. CDP had previously urged Euronext to consider alternative candidates to Testa and conduct a formal selection process, but Euronext resisted these demands.</p>\n<p>Euronext CEO Stéphane Boujnah has publicly expressed support for Testa, praising the \"unprecedented performance\" of the Milan Stock Exchange since he took leadership in 2021.</p>\n<p>This marks the second legal setback for CDP in related proceedings, following a similar rejection by an Amsterdam court. However, CDP is still pursuing a separate lawsuit in Amsterdam, indicating that the dispute over governance of the Milan Stock Exchange is likely to continue.</p>\n<p>The Milan Stock Exchange controls MTS, the primary trading platform for Italian government bonds with a total volume of approximately €2.7 trillion, making its leadership a matter of high strategic importance in Italy.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CDP","symbol_name":"Corporate Office Properties Trust","start_time":0,"source_url":"","article_id":"1161385407","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1161385407","pubTimestamp":1777906321,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"An Italian court dismissed an emergency application on Monday from the state lender CDP that sought to block the reappointment of Milan Stock Exchange CEO Fabrizio Testa, according to informed...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CDP":"Corporate Office Properties Trust","BK4223":"办公室房地产信托"},"translate_title":"意大利法院驳回CDP阻止米兰证券交易所首席执行官连任的请求","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CDP":1},"content_text":"An Italian court dismissed an emergency application on Monday from the state lender CDP that sought to block the reappointment of Milan Stock Exchange CEO Fabrizio Testa, according to informed sources.\nThe Milan court ruled that the conditions for urgent intervention claimed by CDP were not met, leading to the rejection of its request. The decision removes a key obstacle to Testa securing a new three-year term, which is expected to be formally approved during the Milan Stock Exchange’s shareholder meeting this week.\nCDP holds approximately 8.1% of Euronext, the operator of the pan-European stock exchange and the parent company of the Milan Stock Exchange. CDP had previously urged Euronext to consider alternative candidates to Testa and conduct a formal selection process, but Euronext resisted these demands.\nEuronext CEO Stéphane Boujnah has publicly expressed support for Testa, praising the \"unprecedented performance\" of the Milan Stock Exchange since he took leadership in 2021.\nThis marks the second legal setback for CDP in related proceedings, following a similar rejection by an Amsterdam court. However, CDP is still pursuing a separate lawsuit in Amsterdam, indicating that the dispute over governance of the Milan Stock Exchange is likely to continue.\nThe Milan Stock Exchange controls MTS, the primary trading platform for Italian government bonds with a total volume of approximately €2.7 trillion, making its leadership a matter of high strategic importance in Italy.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}