Blackstone sues RCS chief Urbano Cairo for up to $300m

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By Tom Brown
02 May 2019

Blackstone is suing Urbano Cairo, chairman and controlling shareholder of Italian publisher RCS Mediagroup, citing loss of opportunity for Blackstone and its investors to sell a property acquired from RCS in 2013.

The claim against Cairo is the latest volley in a legal battle that has been going on between the two companies for the last 18 months, and follows two earlier suits between the Italian media company and the US private equity giant. 

The original suit was filed by RCS ...

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