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Fininvest Ordered to Pay CIR Over $770 Million, Will Appeal
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Fininvest SpA, the investment company of Prime Minister Silvio Berlusconi, was ordered to pay Compagnie Industriali Riunite SpA more than 540 million euros ($770 million) by an Italian court. Fininvest said it will appeal.
The company will also have to pay interest and CIR’s court expenses, an appeals court in Milan decided, according to the text of the ruling released today and obtained by Bloomberg News. The decision is effective immediately, the court said.