Intesa Sanpaolo Bolsters Credit Lines To Fininvest - Report
October 12 2011 - 3:23AM
Dow Jones News
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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