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Berlusconi’s eldest daughter, son to control Fininvest

MILAN (AFP) – Marina and Pier Silvio Berlusconi will jointly control holding company Fininvest, after the death last month of their father, ex-premier Silvio Berlusconi, a financial source told AFP following the reading of his will.

The two siblings, children of Berlusconi and the media magnate’s first wife Carla Dall’Oglio, will together hold a 53-per-cent stake in Fininvest.

Until now, they held 7.65 per cent. Berlusconi’s other three children, Luigi, Eleonora and Barbara, from his second marriage to Veronica Lario, will together control the remaining 47 percent of Fininvest, the source added.

They previously jointly owned 21.42 per cent.

Berlusconi, who died June 12 at the age of 86 and whose fortune was valued by Forbes at EUR6.4 billion (USD7 billion), controlled 61.21 per cent of Fininvest.

“No shareholder will exercise overall individual indirect control of Fininvest SpA, previously exercised by their father himself,” said Fininvest in a brief statement Thursday, confirming that the contents of the will had been communicated to the heirs.

The family holding company controls a myriad of companies, including the MediaForEurope (ex-Mediaset) television group, headed by Pier Silvio Berlusconi, Mondadori publishing house, chaired by Marina Berlusconi, and the Mediolanum bank.