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HomeInformationBerlusconi will have to pay €494m fine for for damages from Mondadori...
Media battle

Berlusconi will have to pay €494m fine for for damages from Mondadori purchase

Former Prime Minister Silvio Berlusconi´s loss-making Fininvest must pay damages stemming from the purchase of publisher Mondadori, an Italian court ordered in a definitive ruling on Tuesday.

The 564-million-euro fine was "slightly" reduced, a source at the court said. Italian media said the fine had been reduced by 23 million euros.

Berlusconi´s privately held group has already paid the fine to Carlo de Benedetti´s CIR holding, and this definitive ruling allows CIR to use the money, previously frozen pending a final decision in the case.

Fininvest is the Berlusconi family holding that controls assets worth more than 5 billion euros ($6.6 billion), including broadcaster Mediaset.

The ruling brings to a close a ferocious battle between Mr Berlusconi and his long-time media foe and European industrialist Carlo De Benedetti that has animated Italian media and business for 20 years.


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