Brief: RCS Mediagroup Says Italian Court Rejects Appeal Regarding HQ Sale

Rizzoli Corriere Della Sera Mediagroup SpA

08/06/2022 14:38

June 8 (Reuters) - Rizzoli Corriere della Sera Mediagroup
SpA  RCSM.MI :
    * COURT OF APPEAL OF MILAN FILES JUDGMENT DEFINING
PROCEEDINGS
CHALLENGING ARBITRATION AWARDS, WITH REFERENCE TO LITIGATION
RELATED TO TRANSACTION THAT IN 2013 LED TO SALE AND SIMULTANEOUS
LEASE OF REAL ESTATE COMPLEX IN VIA SOLFERINO/VIA SAN MARCO/VIA
BALZAN
    * RULING REJECTED APPEAL BROUGHT BY RCS MEDIAGROUP
    * JUDGMENT ALSO REJECT CROSS-APPEAL BROUGHT BY KRYALOS AND
CLAIM
FOR ALLEGED RECKLESS LITIGATION
    * JUDGMENT ORDERS RCS MEDIAGROUP TO REIMBURSE KRYALOS FOR
COSTS OF
APPEAL OF AWARDS, SETTLED IN ABOUT EUR 250,000

Further company coverage:  RCSM.MI 

 (Reporting by Gdansk Newsroom)
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