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CIR CIR SpA

0.602
-0.018 (-2.90%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
CIR SpA BIT:CIR Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.018 -2.90% 0.602 0.602 0.614 0.614 0.601 0.612 725,485 02:01:17

Intesa Sanpaolo Bolsters Credit Lines To Fininvest - Report

12/10/2011 8:23am

Dow Jones News


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Italian banking giant Intesa Sanpaolo SpA (ISP.MI) has increased the amount of funding available to Fininvest, the holding company of Prime Minister Silvio Berlusconi and his family, newspaper Il Messaggero reports Wednesday.

The bank's management and supervisory boards have approved increasing by EUR400 million the lines of credit lines to Fininvest to EUR2.7 billion, it says, without citing its sources.

Fininvest, which controls Mediaset SpA (MS.MI), the largest private broadcaster in the country, has used EUR1.5 billion of the amount available, it adds.

Earlier this year, Fininvest was ordered by a court to pay EUR564 million to Compagnie Industriali Riunite SpA (CIR.MI) in a dispute over its acquisition of a publishing house.

Newspaper website: www.ilmessaggero.it

-Milan Bureau, Dow Jones Newswires; +39 02 5821 9901

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