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

Tom Brown

May 02, 2019 12:00 PM

uc3 — HR91RB Florence, Italy. 27th Feb, 2017. Urbano Cairo, President of Torino F.c. and Chairman and Chief Executive of RCS Media Group before the Italian Serie A soccer match between A.c.f. Fiorentina and Torino F.c. at Artemio Franchi Stadium. Credit: Giacomo Morini/Pacific Press/Alamy Live News | Alamy Stock Photo

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.

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