Brief: RCS Mediagroup Reaches EUR 10 Mln Settlement With Blackstone Over Milan's Office Dispute

Rizzoli Corriere Della Sera Mediagroup SpA

15/07/2022 12:59

July 15 (Reuters) - Blackstone Inc  BX.N , Rizzoli Corriere
della Sera Mediagroup SpA  RCSM.MI , Kryalos SGR Spa:
    * RCS MEDIAGROUP REACHES SETTLEMENT OVER PROPERTY DISPUTE
WITH
BLACKSTONE
    * SETTLEMENT WILL RESULT IN A MUTUAL RELEASE OF ALL LEGAL
CLAIMS
AND RCS AGREED TO  CONTRIBUTE TO FEES INCURRED BY BLACKSTONE FOR
EUR 10 MILLION
    * RCS MEDIAGROUP WILL PURCHASE FOR EURO 59.9 MILLION PORTION
OF
DISPUTED OFFICE COMPLEX

Further company coverage:  BX.N ,  RCSM.MI 

 (Reporting by Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))