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Cairo Communication S.p.A. (CAI.MI)

Milan - Milan Delayed price. Currency in EUR
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1.7500+0.0160 (+0.92%)
At close: 5:35PM CEST
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  • Reuters

    Shares in Italy's RCS, controlling firm fall after tribunal ruling

    MILAN (Reuters) -Shares in Italian publisher RCS and its controlling investor Italy's Cairo Communication fell on Monday after an arbitration tribunal ruled in favour of Blackstone over the disputed sale of the RCS headquarters. RCS launched arbitration proceedings in late 2018 to nullify the 2013 sale of its historic headquarters in central Milan to Blackstone, saying the U.S. investment firm had paid too low a price at a time when RCS faced financial difficulties. The Milan tribunal rejected all claims advanced by RCS on Friday, a court document seen by Reuters showed.