Illiad chair faces €600 fine

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Iliad chair faces a €600,000 fine for inside dealing related to to Iliad's takeover bid for T-Mobile US in 2014. The AMF imposed a €600,000 fine to Maxime Lombardini, who has allegedly sold Iliad shares just a few weeks before the French telecom group made a $15 billion takeover bid in T-Mobile US. Iliad was also fined €100,000 for delaying its statement of the company's interest in T-Mobile US.

 

The Financial Times, Harriet Agnew, April 29th 2019