The five children of former Italian Prime Minister Silvio Berlusconi are close to a deal over their father’s 7 billion euro ($7.5 billion) business empire.
Corriere della Sera reported on Saturday that the heirs will accept Berlusconi’s will without receiving so-called stock proceeds.This will speed up the process of equity distribution in the holding company financial investment company and the late billionaire’s villa and yacht collection.
Berlusconi’s eldest children Marina Silvio and Pier Silvio cede Additional 20% family holdings financial investment company Under the terms of their father’s will, their total shareholding amounted to 53%, with younger daughters Barbara and Eleonora and younger son Luigi receiving the remainder.Marina Berlusconi comfirmed He assumed the helm of Fininvest in June.
Fininvest controls MFE, Italy’s largest commercial broadcaster. MFE, formerly known as Mediaset, dominates the Italian TV advertising market with over 40% share. As early as the 1990s, this was the launching pad for Berlusconi’s political ambitions.
Fininvest also owns a 53.3% stake in publisher Arnoldo Mondadori Editore SpA, a minority stake in financial services provider Banca Mediolanum SpA and owns football club AC Monza.
In addition to his business holdings, Berlusconi owns luxury properties and, as founder of the Forza Italia party and as prime minister, he held frequent meetings with political allies and heads of state.
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Corriere estimates the total value of Berlusconi’s villas, including Villa San Martino in Alcore near Milan and Villa Certosa in Sardinia, at 600 million to 700 million euros. According to Corriere, Marina and Pier Silvio Berlusconi are preparing to acquire about 30% of the shares in the Dolcedrago real estate holding company each, while Barbara ), Eleonora and Luigi each received about 13% of the shares.
Fininvest declined to comment to Bloomberg.
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