Fininvest News
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Silvio Berlusconi’s media influence was criticized by his political rivals as the billionaire ex- premier seeks re-election amid a bid by a former associate to buy one of Italy’s largest private television networks.
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Silvio Berlusconi has a recipe for redemption in Italy, where recessions are recurrent and corruption pervasive: smile, deny and promise tax cuts.
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Fininvest SpA, the investment company of Prime Minister Silvio Berlusconi, was ordered to pay Compagnie Industriali Riunite SpA more than 540 million euros ($770 million) by an Italian court. Fininvest said it will appeal.
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Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
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Fininvest SpA, Italian Prime Minister Silvio Berlusconi’s holding company, said its company structure is “clear and transparent,” according to an e-mailed statement.
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Compagnie Industriali Riunite SpA will keep the 564.2 million-euro ($812 million) payment it received from Italian Prime Minister Silvio Berlusconi’s investment company Fininvest SpA off its books until the legal issues between the businesses are resolved, la Repubblica reported, citing CIR.
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Fininvest SpA reiterated in an e- mailed statement today that its soccer team AC Milan is not for sale.
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Italian Prime Minister Silvio Berlusconi’s Fininvest SpA may settle a legal case with the De Benedetti family’s Compagnie Industriali Riunite SpA for between 300 million euros and 350 million euros, MF reported.
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Silvio Berlusconi’s Fininvest SpA may pay reduced damages of about 300 million euros to CIR SpA in their legal dispute stemming from the takeover of Arnoldo Mondadori SpA, a lawyer for Berlusconi told reporters in Rome today. Niccolo Ghedini said a court consultant recently lowered the potential damages by about half.
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Fininvest SpA, the investment company of Prime Minister Silvio Berlusconi, was ordered to pay Compagnie Industriali Riunite SpA more than 540 million euros ($770 million) by an Italian court. Fininvest said it will appeal.
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