MILAN, Might 14 (Reuters) – A Milan arbitral tribunal dominated on Friday in favour of Blackstone Group BX.N in a disputed sale of the headquarters of RCS RCSM.MI, rejecting all claims made by the Italian writer, a authorized supply and one with data of the matter advised Reuters.
RCS was not instantly obtainable for remark.
RCS Mediagroup, which publishes the influential day by day Corriere della Sera, launched arbitration proceedings in late 2018 to nullify the 2013 sale of its historic headquarters in central Milan to Blackstone, saying the U.S. funding agency had paid too low a worth at a time when RCS confronted monetary difficulties.
Blackstone, which paid 120 million euros ($145 million) for the workplaces, has in flip accused RCS of falsely claiming that it nonetheless owns the constructing and of improperly blocking its sale to Germany’s Allianz ALVG.DE.
(Reporting by Claudia Cristoferi and Alfredo Faieta, enhancing by Giulia Segreti)
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