Private Equity

Blackstone battles with Italian mogul over Milan property

A critical court hearing is set for next week on Blackstone’s claim media tycoon is trying to extort the firm

Blackstone Group has been dragged into numerous legal battles over property it owns around the globe. But few have been as heated as its current dispute with an Italian media mogul.

Each side claims ownership of a three-building Milan office complex, the former headquarters of RCS Media Group SpA which Blackstone purchased from RCS in 2013 for €120m ($163m).

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