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☆ Berlusconi family holding adds two board seats as daughter Eleonora joins
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

Eleonora Berlusconi, Barbara Berlusconi and Luigi Berlusconi react on the day of the state funeral of former Italian Prime Minister Silvio Berlusconi outside the Duomo Cathedral, in Milan, Italy June 14, 2023. The other new entry is lawyer Michele Carpinelli, an M&A expert and a long-time family adviser, the source added. In his will, Berlusconi, who died aged 86 in June, handed his eldest children, Marina and Pier Silvio, joint control of Fininvest through a combined, indirect 52% stake. Marina and Pier Silvio have been directly involved in running the family business for almost two decades. Pier Silvio, Barbara and Luigi have long been board members.

Persons: Eleonora Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Silvio Berlusconi, Claudia Greco, Berlusconi, Michele Carpinelli, Silvio, Barbara, Eleonora, Luigi, Marina Berlusconi, Berlusconi's, Mediolanum, Elvira Pollina, Keith Weir, Valentina Za Organizations: Italian, Duomo Cathedral, REUTERS, Repubblica, Marina, Mondadori, Thomson Locations: Duomo, Milan, Italy

Forza Italia leader and former Prime Minister Silvio Berlusconi arrives for a meeting with Italian President Sergio Mattarella at the Quirinale Palace in Rome, Italy October 21, 2022. Vittorio Sgarbi, an art critic and former lawmaker with Berlusconi's Forza Italia party, told state TV RAI this week that the former prime minister spent around 20 million euros to create the collection. Sgarbi told the paper the collection was "monstrously entertaining", but of little value, with only "six of seven" deemed interesting. The family spokesperson said the collection had sentimental value and denied reports it was being dismantled. Forbes estimated that Berlusconi and his family had assets worth around $6.8 billion, of which around two thirds were held by holding company Fininvest.

Persons: Silvio Berlusconi, Sergio Mattarella, Guglielmo Mangiapane, Vittorio Sgarbi, Berlusconi, Sgarbi, RAI's, Elvira Pollina, Angelo Amante, Alvise Armellini, Deborah Kyvrikosaios Organizations: Forza Italia, REUTERS, La Repubblica, Berlusconi's Forza Italia, RAI, Forbes, Thomson Locations: Rome, Italy, Arcore, La Repubblica

☆ Berlusconi's eldest heirs strike pact for joint control of business empire
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +2 min

MILAN, Sept 15 (Reuters) - The two eldest heirs of late media mogul Silvio Berlusconi have agreed an open-ended pact which binds them to vote together at the family holding company's shareholder meetings, regulatory filings showed on Friday. In his will, Berlusconi, who died aged 86 in June, handed Marina and Pier Silvio, the offspring from his first marriage, joint control of his media and financial empire held by family holding company Fininvest. Under their pact, Marina and Pier Silvio, each owning a 26% indirect stake in Fininvest, agreed to consult at least five days before any Fininvest shareholder meeting to agree a joint position, the documents showed. The agreement secures a dominant influence of the eldest heirs over the family holding company, the regulatory filings said. All of the heirs agreed a lock-up period of five years, during which time they have pledged not to alter the stakes they hold in Fininvest, the filings showed.

Persons: Silvio Berlusconi, Berlusconi, Mediolanum, Berlusconi's, Barbara, Eleonora, Luigi, materialises, Elvira Pollina, David Holmes Organizations: Marina, Silvio, Mondadori, Thomson Locations: Marina, Fininvest, Milan

☆ Berlusconi's daughter criticises Meloni over bank windfall tax
▼ + stars: | 2023-09-15 | by ( Angelo Amante | ) www.reuters.com time to read: +2 min

Marina Berlusconi and Luigi Berlusconi attend the funeral of former Italian Prime Minister Silvio Berlusconi at the Duomo Cathedral, in Milan, Italy June 14, 2023. REUTERS/Yara Nardi/File photo Acquire Licensing RightsROME, Sept 15 (Reuters) - Marina Berlusconi, the daughter of former Prime Minister Silvio Berlusconi, on Friday criticised Italy's windfall tax on banks, underlining divisions over the issue in the coalition government that includes her late father's party. Prime Minister Giorgia Meloni has taken personal responsibility for the measure, which targets extra profits made by banks from higher interest rates. "Who determines when a profit is extra and when it is normal?," Marina Berlusconi said to reporters after the assembly of influential Italian business lobby Confindustria. Meloni has said she was open to some modifications, provided the targeted tax take remained unchanged at "just under" 3 billion euros ($3.2 billion).

Persons: Marina Berlusconi, Luigi Berlusconi, Silvio Berlusconi, Yara, Giorgia Meloni, Pier Silvio, Meloni, Berlusconi, Fininvest, Mediolanum, Antonio Tajani, Elvira Pollina, Giuseppe Fonte, Keith Weir Organizations: Italian, Cathedral, REUTERS, Rights, Forza Italia, Thomson Locations: Milan, Italy

☆ Factbox: Who got what in Silvio Berlusconi's will?
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] Pier Silvio Berlusconi attends the funeral of former Italian Prime Minister Silvio Berlusconi at the Duomo Cathedral, in Milan, Italy June 14, 2023. REUTERS/Yara Nardi/File PhotoMILAN, July 6 (Reuters) - Details of how billionaire Italian tycoon Silvio Berlusconi divided up his assets have been made public on Thursday after the will of the former prime minister, who died on June 12, was unsealed. That means the five children each get an additional Fininvest stake of just over 8%, on top of what they already owned. * He left the remaining one third of his stake, roughly 20% of Fininvest, to his eldest children, Marina and Pier Silvio, in equal amounts. * Marina and Pier Silvio already owned 7.65% of Fininvest each, or a combined 15.3%.

Persons: Silvio Berlusconi, Yara, MILAN, Forbes, Berlusconi, Pier Silvio, Marta Fascina, Paolo, Marcello Dell'Utri, Dell'Utri, Valentina Za, Keith Weir Organizations: Italian, Cathedral, REUTERS, broacaster, Banca Mediolanum, Serie A, Monza, Marina, Thomson Locations: Milan, Italy

☆ Berlusconi leaves control of family business to two eldest children
▼ + stars: | 2023-07-06 | by ( Elvira Pollina | ) www.reuters.com time to read: +4 min

[1/2] Eleonora Berlusconi, , Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi walk to attend the funeral of former Italian Prime Minister Silvio Berlusconi at the Duomo Cathedral, in Milan, Italy June 14, 2023. Marina and Pier Silvio Berlusconi, who both already have executive roles in parts of the business, will hold equal stakes jointly worth around 53% in the Fininvest family holding company, the source said, confirming an earlier report from ANSA news agency. Marina chairs Fininvest while Pier Silvio has been in charge of the MFE-MediaForEurope (MFEB.MI) TV business which has long been the jewel in the family's crown. Barbara, Eleonora and Luigi Berlusconi, his three children from his second marriage, have been less involved in the family business. Berlusconi, who founded a business empire based on real estate and then television, died in Milan.

Persons: Eleonora Berlusconi, Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi, Silvio Berlusconi, Claudia Greco, Marta Fascina, Dell'Utri, Silvio Berlusconi's, Marina, Pier Silvio, Silvio, Barbara, Eleonora, Berlusconi, Paolo, Marcello Dell'Utri, Fascina, Milan's, Villa San, Villa, Costa, Vladimir Putin, Tony Blair, Giulio Piovaccari, Federico Maccioni, Keith Weir, Alvise Armellini, Mark Potter Organizations: Italian, Cathedral, REUTERS, MILAN, Fininvest SpA, Reuters, Forza Italia, Italian Serie A, Monza, Villa, British, Thomson Locations: Milan, Italy, Marina, Fininvest, Raffaele, Italian, Villa San Martino, Arcore, Russian

☆ Berlusconi leaves control of business empire to two eldest children
▼ + stars: | 2023-07-06 | by ( Elvira Pollina | ) www.reuters.com time to read: +4 min

[1/2] Eleonora Berlusconi, , Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi walk to attend the funeral of former Italian Prime Minister Silvio Berlusconi at the Duomo Cathedral, in Milan, Italy June 14, 2023. Marina, 56, chairs Fininvest while Pier Silvio, 54, has been in charge of the MFE-MediaForEurope (MFEB.MI) TV business which their father founded. Forbes estimated that the overall Berlusconi family assets, which include luxury properties in Milan, Rome and Sardinia, were worth around $6.8 billion. Brash, ebullient and a four-time prime minister, Berlusconi was a media mogul and political showman whose financial and sexual scandals made him the most polarising figure in modern Italy. Barbara, Eleonora and Luigi Berlusconi, his three children from his second marriage, have been less involved in the family business.

Persons: Eleonora Berlusconi, Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi, Silvio Berlusconi, Claudia Greco, Marta Fascina, Dell'Utri, Silvio Berlusconi's, Marina, Pier Silvio, Fininvest, Brash, ebullient, Berlusconi, Silvio, Barbara, Eleonora, Paolo, Marcello Dell'Utri, Fascina, Milan's, Giorgia Meloni's, Giulio Piovaccari, Federico Maccioni, Keith Weir, Alvise Armellini, Mark Potter Organizations: Italian, Cathedral, REUTERS, MILAN, Marina, Italian Serie A, AC Monza, Banca Mediolanum, Forbes, Fininvest SpA, Reuters, MARTA Berlusconi, Forza Italia, Thomson Locations: Milan, Italy, Italian, Rome, Sardinia, Raffaele

MILAN, June 14 (Reuters) - Merger and acquisition speculation has lifted shares in MFE (MFEB.MI), the late Silvio Berlusconi's TV business, following his death, but a number of obstacles stand in the way of any rapid deal. With a 19.8% MFE stake, Vivendi (VIV.PA) is widely seen as the natural buyer for MFE. This week's rally has lifted the market value of the whole of MFE to 1.8 billion euros. Any accord between Vivendi and Fininvest would require overcoming the deep distrust between the two groups after years of courtroom battles sparked by a failed 2016 TV deal. Like Fininvest, Vivendi faces a loss on any potential sale of its MFE stake given the gap between book and market prices.

Persons: Silvio Berlusconi's, Vincent Bollore, Urbano, Pier Silvio Berlusconi, Fininvest, MFE, Emilio Parodi, Valentina Za, Barbara Lewis Organizations: MILAN, Vivendi, Reuters, della Sera, U.S, Warner Bros ., VIVENDI, FININVEST, Fininvest, MFE, Thomson Locations: MFE, Urbano Cairo, Germany's ProSiebenSat, Italy, Spain, Rome, Netherlands

☆ Opinion: Before Trump or Viktor Orban, there was Italy’s Berlusconi
▼ + stars: | 2023-06-13 | by ( Ruth Ben-Ghiat | ) edition.cnn.com time to read: +6 min

CNN —“I’m the most persecuted man in all of history,” then-Italian Prime Minister Silvio Berlusconi claimed in 2009, just after Italy’s constitutional court stripped him of immunity from prosecution, leaving him vulnerable as he faced yet another corruption trial. Berlusconi, the three-time Italian prime minister who died this week at 86, wrote the script for an authoritarian style of leadership within a democracy. The flamboyant billionaire owner of a business, media and sports empire, Berlusconi privatized Italian television in the 1980s. Italian television had been limited to three state-owned RAI national networks, but by the 1980s Berlusconi’s Mediaset conglomerate owned the three largest private channels. Berlusconi also raised fears in Italians about the loss of “tradition,” using the specter of Italian demographic decline to justify anti-immigrant policies that preceded those of Hungarian Prime Minister Viktor Orban and other far-right leaders.

Persons: Ruth Ben, “ Strongmen, Mussolini, CNN — “, ”, Silvio Berlusconi, Berlusconi, Benito Mussolini —, Vladimir Putin, Marcello Dell’Utri, Publitalia, Ferdinando Meazza, “ Mussolini, ” Berlusconi, Viktor Orban, Fininvest, Sergei Chirikov, Donald Trump, “ Organizations: CNN, New York University, Italian, Forza Italia, National Alliance, Italian Social, Northern League, AC Milan soccer, RAI, AC Milan, Milan, Milan's, Italian Communist Party, British, Kremlin, Getty, Twitter, Facebook Locations: Italian, Milan, Milan's San Siro, Italy, Western Europe, Hungarian, Moscow, AFP

☆ How Berlusconi got his billions
▼ + stars: | 2023-06-12 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Silvio Berlusconi, the billionaire former prime minister of Italy, died Monday, leaving behind a sprawling business empire. It was through Fininvest that Berlusconi acquired big stakes in some of Europe’s major media firms, as well as AC Milan. Berlusconi owned a 61.3% stake in the holding company at the end of 2021, Reuters has reported. AC Milan players won the Italian championship in 1988 when Silvio Berlusconi was the club's president. Marina Berlusconi, left, Pier Silvio Berlusconi, center, and Mrs. Rosa, Silvio Berlusconi's mother, photograhed in 1998 Luca Bruno/AP/FILEPier Silvio, 53, is the chief executive of MediaForEurope.

Persons: London CNN — Silvio Berlusconi, Berlusconi, Silvio Berlusconi, Ferdinando Meazza, MediaForEurope —, Fininvest, ”, Marina, Marina Berlusconi, Pier Silvio Berlusconi, Rosa, Silvio Berlusconi's, photograhed, Luca Bruno, Silvio, — Niamh Kennedy, Sammy Mncwabe Organizations: London CNN, AC Milan, Bloomberg, Media, Milan, Reuters, Mondadori, Italy’s, Prosecutors, Mediaset Locations: Italy, Fininvest, MediaForEurope, Spain, Germany’s ProSiebenSat, Milan

☆ Berlusconi invented the entrepreneur as politician
▼ + stars: | 2023-06-12 | by ( Lisa Jucca | ) www.reuters.com time to read: +4 min

Though his Forza Italia party and business empire are already weakened and unlikely to regain much prominence after his death, his unorthodox political methods spawned imitators across the West. Italy’s four-time and longest-serving prime minister, who often quipped he would live until 120, passed away on Monday. Ex-British Prime Minister Boris Johnson also became popular by portraying himself as an eccentric outsider. As Italy’s traditional parties collapsed under countless graft charges in the 1990s, he used his media popularity and image as a can-do entrepreneur to exploit Italy’s political void. Follow @LJucca on TwitterCONTEXT NEWSFormer Italian prime minister and broadcaster Mediaset founder Silvio Berlusconi died on June 12, aged 86.

Persons: Silvio Berlusconi, Donald Trump ., Boris Johnson, Berlusconi, Beppe Grillo outdid Berlusconi, Vladimir Putin, Giorgia Meloni, MediaForEurope, Neil Unmack, Oliver Taslic Organizations: MILAN, Reuters, Forza Italia, U.S, Donald Trump . Ex, British, Milan soccer, RAI, Star Movement, Thomson Locations: Italian, Italy

Media tycoon Berlusconi founded Forza Italia when he entered politics in 1994. "I expect Brothers of Italy to be attractive to Forza Italia members," Lorenzo De Sio, a politics professor at LUISS University in Rome, said. The relationship between Berlusconi and Meloni repeatedly came under strain since they won general elections together last year. That triggered a long process which ended up in a merger between Forza Italia and MSI's heir Alleanza Nazionale in a single party. Althea Spinozzi, fixed income strategist at Saxo Bank, said the risk associated with investing in Italy can decrease with a downsized Forza Italia.

Persons: Marina, Silvio Berlusconi, Giorgia Meloni, Berlusconi, Matteo Salvini's, Meloni's, Giuliano Cazzola, Lorenzo De, Meloni, Alleanza, Brothers, Sergio Mattarella, Yara, Eugenio Pizzimenti, Antonio Tajani, Pizzimenti, Althea Spinozzi, Marina Berlusconi, Angelo Amante, Giuseppe Fonte, Antonella Cinelli, Angus MacSwan Organizations: Forza Italia, Media, Matteo Salvini's League, Forza Italia's, Forza, Reuters, Analysts, LUISS University, Italian Social Movement, Berlusconi's, Alleanza Nazionale, REUTERS, Pisa University, Union, Saxo Bank, Meloni, Thomson Locations: ROME, Italy, Rome, Ukraine, Brussels

☆ Silvio Berlusconi, Italy's former showman leader, dies at 86
▼ + stars: | 2023-06-12 | by ( Valentina Di Donato Barbie Latza Nadeau Laura Smith-Spark Peter Wilkinson Antonia Mortensen Rob Picheta | Valentina Di Donato | Barbie Latza Nadeau | ) edition.cnn.com time to read: +18 min

Umberto Cicconi/Hulton Archive/Getty Images Berlusconi swims at a Tunisian beach in 1984. Umberto Cicconi/Hulton Archive/Getty Images Berlusconi leaves a 1985 news conference in Paris. Franco Origlia/Hulton Archive/Getty Images Berlusconi announced in November 1993 that he would be entering the world of politics. Franco Origlia/Hulton Archive/Getty Images Berlusconi waves while attending a European Council meeting in Corfu, Greece, in June 1994. Vittorio Zunino Celotto/Getty Images Berlusconi hands the Berlusconi Trophy to AC Milan's Massimo Ambrosini in August 2011.

Persons: Rome, Rome CNN — Silvio Berlusconi, Christ, ”, Berlusconi, Milan’s, Benito Mussolini, “ Il Cavaliere ”, Milan, Giorgia Meloni, Matteo Salvini, Silvio Berlusconi, Alessandra Benedetti, Eric Vandeville, Indro Montanelli, Umberto Cicconi, Italy's, Michel Clement, Francis Apesteguy, Veronica Lario, Franco Origlia, Langevin Jacques, Sygma, Cesare Previti, Pope John Paul II, Bill Clinton, Hillary Clinton, Veronica, William Stevens, Barbara, Eleonora, Oscar Scalfaro, Patrick Hertzog, Romano Prodi, Alberto Pizzoli, Giuseppe Cacace, Gregorio Borgia, Associated Press Berlusconi, Vittorio Zunino Celotto, Massimo Ambrosini, Claudio Villa, Dan Kitwood, preliminarily, Filippo Monteforte, Alessia Pierdomenico, Remo Casilli, Reuters Berlusconi, Giuseppe Lami, Angelo Carconi, Emanuele Cremaschi, Tiziana Fabi, Luigi Brugnaro, Renato Brunetta, Piero Cruciatti, Hungary’s Viktor Orban, Britain’s Boris Johnson, Donald Trump, “ Berlusconi, ” Severgnini, ” Meloni, Claudia Greco, Prodi –, –, Berlusconi’s, Ignazio La Russa, “, Gianfranco Fini –, FILIPPO MONTEFORTE, Vladimir Putin, Volodymr Zelensky, Nobel, salesmanship ’, Jesus Christ, Severgnini, il, salesmanship, Francesca Pascale, Del, Pavarotti, ” Berlusconi, Marina, Carla Dall’Oglio, Luigi Organizations: Rome CNN, Milan’s San Raffaele, Forza Italia, Freedom, Italian, Getty, Canale, AC Milan, Berlusconi, Romano, Associated Press, Associated, Bloomberg, Reuters, Venice, Anadolu Agency, RAI, Media, Milano, Milan –, world’s, Forza Italia Party, Forza, soccer team, Northern League Party, European, Union coalition, Sporting, della, PM, “, ”, Del Monaco Locations: Milan, Paris, AFP, Naples, Italy, Rome, Corfu, Greece, Tatanto, Cannes, France, Italy's, Venice, Italy's Senate, Monza, Lombardy, ”, L’Aquila, Milan’s, Italian, Europe, Ukraine

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