Italy's RCS closer to life-saving cash call after bank deal

Newswire

MILAN, May 30 (Reuters) - RCS MediaGroup got closer to a life-saving cash call after banks agreed to soften the terms of a 600 million-euro ($780 million) refinancing deal for the debt-laden Italian publisher, sending its shares higher. Shareholders in RCS, which publishes influential Italian daily Corriere della Sera, are expected to approve a 400 million-euro rights issue when they gather on Thursday to vote on the move. Some shareholders had criticised the ...

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