(Alliance News) - Sanlorenzo Spa reported Wednesday that the president of the Yacht unit, Tommaso Vincenzi, has sold 9,940 ordinary shares in the company.

The shares were sold at an average unit price of EUR42.61, for a total consideration of about EUR423,500.

Sanlorenzo's stock closed Wednesday down 0.6 percent at EUR41.35 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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