Reuters exclusively reports Italy tribunal rules for Blackstone in RCS building dispute

Reuters exclusively reported that a Milan arbitral tribunal ruled in favor of Blackstone Group in a disputed sale of the headquarters of RCS, rejecting all claims advanced by the Italian publisher. The panel of judges fully recognized the validity of the contract and the fairness of Blackstone’s behavior during all the sale process, a source close to the U.S. fund informed Reuters. RCS said in a statement it disagreed with the decision and that it would consider any possible legal action against it.