Blackstone says Milan court ruled only on validity of 2013 property sale

This post was originally published on this site

RCS said late on Tuesday that the court, in deeming the 2013 transaction valid, had found that Blackstone’s behavior may entitle the publisher of Corriere della Sera daily to compensatory damages, subject to the advice of two experts.

“The facts are very clear There was only one decision made by the arbitrators yesterday: that the 2013 transaction was valid. There was absolutely no decision or assessment about any right to damages for RCS,” a spokesman for Blackstone said in an emailed statement.