(Alliance News) - Pasquarelli Auto Spa reported Friday that Sascha Ruckelshausen, a person related to board member Federica Pasquarelli, has bought 16,500 ordinary shares in the company.

The shares were taken over at an average price of EUR1.35 per share, for a total value of EUR22,275.

Pasquarelli Auto's stock closed Friday down 9.4 percent at EUR1.16 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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