Shares in Italy's RCS, controlling firm fall after tribunal ruling | WSAU News/Talk 550 AM · 99.9 FM
By Syndicated Content May 17, 2021 | 5:13 AM MILAN (Reuters) â Shares in Italian publisher RCS and its controlling investor Italyâs Cairo Communication fell on Monday after an arbitration tribunal ruled in favour of Blackstone over the disputed sale of the RCS headquarters. Shares in RCS Mediagroup were down 3.4% and Cairo Communication stocks fell 7.2% at 0900 GMT, compared with a broadly flat market. A Milan-based analyst said the shares fell because of concerns that RCS now faced financial risks as a result of two U.S. lawsuits filed by Blackstone that had been put on...
Source: wsau.com