RCS MediaGroup S p A : Solferino property – Judgment of the Court of Appeal of Milan
June 08, 2022 at 10:02 am EDT
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CorporateJune 8, 2022 - 15:27
Milan, 8 June 2022 - With reference to the dispute relating to the transaction that in 2013 led to the sale and simultaneous lease of the real estate property in Via Solferino/Via San Marco/Via Balzan (the "Property"), today the Court of Appeal of Milan filed the judgement defining the proceedings challenging the arbitration awards.
The judgment dismissed the appeal brought by RCS. The judgment also rejected the cross-appeal brought by Kryalos and the claim for alleged reckless litigation. Lastly, the ruling ordered RCS to reimburse Kryalos for the costs of the lawsuit challenging the awards, which were settled at approximately €250,000.
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RCS MediaGroup is one of the leading multimedia publishing groups, operating primarily in Italy and Spain across all publishing areas, from newspapers to magazines and books, from TV to new media and training, as well as being one of the top players on the advertising sales market, organizing iconic events and renowned sporting formats such as the Giro d'Italia. The RCS Group publishes the daily newspapers Corriere della Sera, La Gazzetta dello Sport, El Mundo, Marca and Expansion, as well as numerous magazines, the most popular including Oggi, Amica, Io Donna, 7 and Telva.
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RCS Mediagroup S.p.A. published this content on 08 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2022 14:01:01 UTC.
Rizzoli Corriere della Sera Mediagroup SpA (RCS MediaGroup SpA) is an Italy-based holding company active in the multimedia publishing. It is involved in the publishing of daily newspapers, magazines and books, and radio and television (TV) broadcasting. It is also active in the advertisement sales and distribution sector. Its newspapers titles include Corriere della Sera and La Gazzetta dello Sport in Italy and El Mundo, Marca and Expansion in Spain. Among the magazines published by the Company, there are such titles as Amica, Style Magazine, Dove, Oggi, A, Il Mondo, Telva, Marca Motor, Actualidad Economica, Golf Digest, and Siete Leguas, among others. The Companyâs TV channels comprise Lei, Dove, Canal 13 and Veo7, among others. The Company operates in book publishing under various brand names, including Fabbri, Bompiani, Rizzoli, Sonzogno and Lizard, and with a number of publishing houses. The main shareholder of the Company is Cairo Communication SpA.
RCS MEDIAGROUP S.P.A. 
