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Mondadori Damages May Be Cut to 300 Million Euros in CIR Case

Silvio Berlusconi’s Fininvest SpA may pay reduced damages of about 300 million euros to CIR SpA in their legal dispute stemming from the takeover of Arnoldo Mondadori SpA, a lawyer for Berlusconi told reporters in Rome today. Niccolo Ghedini said a court consultant recently lowered the potential damages by about half.

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