Overview
Finanziaria d'investimento Fininvest S.p.A., also known as Fininvest, is an Italian holding company controlled by the Berlusconi family and managed by Silvio Berlusconi's eldest daughter Marina Berlusconi.
Structure
The Fininvest group is composed of a number of companies, such as Mondadori (one of Italy's leading publishing companies), Teatro Manzoni (a theatre in Milan), Alba Servizi Aerotrasporti (a private jet company) and Fininvest Gestione Servizi.
Fininvest is the largest shareholder of MFE - MediaForEurope, which is currently the biggest private entertainment competitor in Italy, known for domestic operations in Italy through Mediaset (including Canale 5, Italia 1, Rete 4, among others), Spanish operations through Mediaset España, the film production company Medusa Film, and many other companies related to TV broadcasting. The deal to sell Mediaset Premium collapsed in 2016.
Fininvest's voting rights on Mediolanum was capped at 9.9999% by Italian Insurance Supervisory Authority despite owning about 36% share capital of the financial conglomerate; the company reverse merger with subsidiary Banca Mediolanum in 2015. Fininvest had a shareholders' pact with Ennio Doris (the pact only bind to 25.5% share each, excess amount of share was not bind), the largest shareholder of Banca Mediolanum, making the pact had an absolute majority in the bank for 51% share capital.
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