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Berlusconi's company to pay 560m penalty 

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Berlusconi's company to pay 560m penalty 


Italian Prime Minister Silvio Berlusconi’s holding company has been ordered to pay 560 million euros in damages to a rival media conglomerate.
The Milan appeal court made the ruling over Fininvest’s takeover of Italy’s leading publisher Arnoldo Mondadori Editore in 1991.
The decision is the latest blow to the country’s longest-serving post-war leader.
The buy-out was sanctioned by a judge who was later sentenced for corruption.
Berlusconi’s company had appealed an earlier order to pay 750 million euros in damages.
The 74-year-old, who has made several court appearances recently on corruption charges, announced this week that he would not run for re-election.

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