Emilio Gnutti is an Italian

financier An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Type ...

and founder of the Hopa SpA

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

. He was involved in many important

takeover In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to ...

s, most notably the one of

Telecom Italia Gruppo TIM, legally TIM S.p.A. (formerly Telecom Italia S.p.A.), also known as the TIM Group in English, is an Italian telecommunications company with headquarters in Rome, Milan, and Naples, (with the Telecom Italia Tower) which provides fixed ...

made in 1999 with

Roberto Colaninno The name Robert is an ancient Germanic given name, from Proto-Germanic "fame" and "bright" (''Hrōþiberhtaz''). Compare Old Dutch ''Robrecht'' and Old High German ''Hrodebert'' (a compound of '' Hruod'' ( non, Hróðr) "fame, glory, honou ...

, and the subsequent sale of the company to

Marco Tronchetti Provera Marco Tronchetti Provera (; born 1948) is an Italian businessman. He was the chief executive officer of Pirelli & C. S.p.A. from 1992 to 2022 and its executive vice chairman since October 20, 2015. He is the chairman of Marco Tronchetti, Provera & ...

. On October 25, 2006 he was sentenced to six months in jail for insider trading in the

Unipol Unipol Gruppo S.p.A. is an Italian financial services holding company operating in the insurance and banking fields with headquarters in the Unipol Tower, Bologna. As of 2009 it was ranked as the country's fourth-largest insurer. The company t ...

(''

bancopoli "Bancopoli" was the name coined by the Italian press for the finance and banking scandals between July 2005 and January 2006. The Italian Banca Popolare Italiana (BPI), in competition with Holland's ABN AMRO for control of Banca Antonveneta, was ...

'') case, together with

Giovanni Consorte Giovanni Consorte (born 16 April 1948) is an Italian manager. Career Born in Chieti, Consorte graduated in chemical engineering at the University of Bologna in 1972 and headed Montedison from 1973 to 1975, then Lega delle Cooperative from 19 ...

and Ivano Sacchetti. He appealed, but then he decided to accept a plea bargain and on November 12, 2007 the

Milan Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city h ...

Court of Appeal converted the sentence into a fine."Unipol, condanna confermata a Consorte"
'' Corriere della Sera'', November 13, 2007

References

Hopa SpA
Italian businesspeople Living people Year of birth missing (living people) {{italy-business-bio-stub