CIR Will Delay Booking Fininvest Damages, Repubblica Reports

Compagnie Industriali Riunite SpA will keep the 564.2 million-euro ($812 million) payment it received from Italian Prime Minister Silvio Berlusconi’s investment company Fininvest SpA off its books until the legal issues between the businesses are resolved, la Repubblica reported, citing CIR.

CIR will wait because Fininvest has announced plans to appeal the ruling forcing it to pay the damages, the newspaper said.

To contact the reporter on this story: Alessandra Migliaccio in Rome at amigliaccio@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

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