New start to the session in the red for the L'Espresso Editorial Group, which dropped 5,31% in these hours and returned to 76,7 cents, after having already left another 5,43% of its value to the market yesterday Bag. The sharp declines that characterize the stock are not reflected in the parent company Cir, which lost 1,38% yesterday but recovered 1,82% today.
The declines in the shares of the Publisher of the weekly L'Espresso and of the newspaper La Repubblica are attributable to the sentence of the Regional Tax Commission of Rome, which declared legitimate the taxation of "440.824.125.000 lire for capital gains, in the opinion of the Commission, realized and undeclared and 13.972.000.000 lire for the recovery of costs assumed as non-deductible relating to dividends and tax credits, with the application of penalties to the minimum required by law and sentenced to pay court costs”.
In other words, despite having already announced an appeal, the group could be forced to pay around 225 million euros in the next few days (the group's request for a possible suspension separately). The disputed facts date back to 1991.
