Fininvest SpA, the holding company owned by former Prime Minister Silvio Berlusconi, must pay Compagnie Industriali Riunite SpA about 500 million euros ($668 million) in a case related to a takeover dating back to 1991, Italy’s top court ruled today.
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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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.
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.
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.