Fininvest

Fininvest

Native name	Finanziaria d'investimento Fininvest S.p.A.
Type	private Società per azioni
Industry	Financial services
Founded	1978; 39 years ago (1978)
Founder	Silvio Berlusconi
Headquarters	Rome, Italy (legal) Milan, Italy (de facto)
Key people	Marina Berlusconi (Chairman) Danilo Pellegrino (CEO)
Services	Holding company
Profit	€221 million (2015 company) (€0.1 million) (2015 Group)
Total assets	€2.414 billion (2015 company) €10.787 billion (2015 Group)
Total equity	€2.062 billion (2015 company) €2.698 billion (2015 Group)
Owner	Berlusconi family
Subsidiaries	A.C. Milan (99.93%) Mondadori (53.299%) Mediaset (38.266%) Teatro Manzoni (100%) Alba Servizi Aerotrasporti (100%) Fininvest Gestione Servizi (100%)
Website	www.fininvest.it
Footnotes / references source; Mediaset was consolidated as Fininvest had the controlling stake in the number of directors in the board

Finanziaria d'investimento Fininvest S.p.A. known as just Fininvest S.p.A. is an Italian holding company controlled by the Berlusconi family and managed by Silvio Berlusconi's eldest daughter Marina Berlusconi.

The Fininvest group is composed of a number of companies, such as Arnoldo Mondadori Editore (one of Italy's leading publishing companies), Teatro Manzoni () (a theater in Milan), Alba Servizi Aerotrasporti (a private jet company) and Fininvest Gestione Servizi.

Fininvest is the largest shareholder of Mediaset, which is currently the biggest private entertainment competitor in Italy, owning three channels in Italy (Canale 5, Italia 1, Rete 4), two in Spain, the film production company Medusa Film, a digital TV broadcasting network, and many other companies related to TV broadcasting. The deal to sell Mediaset Premium was collapsed in 2016.

Fininvest's voting rights on Mediolanum S.p.A. was capped at 9.9999% by Italian Insurance Supervisory Authority despite owning about 36% share capital of the financial conglomerate; the company revered 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.

On 5 August 2016 Fininvest signed a preliminary agreement to sell 99.93% stake of A.C. Milan to a Chinese private equity fund Sino-Europe Sports.

On 15 February 2017 Fininvest announced that they bought an additional 2.9% shares of Mondadori (increased to 53.299%).

...
Wikipedia