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Della Valle threatens action against RCS chief executive

'Two or three things, but not Corriere headquarters sale'

24 February, 16:43
Della Valle threatens action against RCS chief executive (ANSA) - Milan, February 24 - Tod's shoe magnate Diego Della Valle, a minority shareholder of the troubled Italian publisher RCS Mediagroup, threatened on Monday to take action against RCS Chief Executive Pietro Scott Jovane over undisclosed matters.

RCS is one of Italy's largest and most influential publishing groups with influential journals including the best-selling national newspaper Il Corriere della Sera.

Della Valle, who holds a 9% stake in RCS, told Radio 24 that he is assessing "two or three things", but not the controversial sale of historic newspaper headquarters in Milan. "We are assessing (action), I can't respond to you now (as to what), even if I have an extremely precise idea about it," said Della Valle.

Earlier this month Della Valle sent a letter threatening directors of RCS Mediagroup with legal action over certain transactions including a capital-increase plan approved by the board of the publishing group.