USEUROPEAFRICAASIA 中文双语Français
Home / World

Loss of power a blow for family business

By Mathieu Gorse | China Daily | Updated: 2011-11-14 08:02

MILAN - Silvio Berlusconi's resignation deals a blow to the billionaire prime minister's family business which analysts say has always profited from his political role.

The verdict of the Italy's main stock exchange cannot have been clearer as his already struggling Mediaset television group plummeted 12 percent in Milan on Wednesday, a day after he announced he would step down.

A feeling that the end is nigh has long been anticipated as Mediaset shares plunged 49 percent in six months, when Milan stocks fell only 30 percent in the same period.

Loss of power a blow for family business

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US