After Berlusconi’s death, Fininvest guarantees continuity of all its activities

The Fininvest company, founded by former Italian Prime Minister Silvio Berlusconi, today guaranteed “the absolute continuity” of all his activities after the death of the president in the San Raffaelle hospital in Milan (northern Italy) due to leukemia that he had suffered for a long time.

“It is with deep sorrow that Fininvest remembers its founder, Silvio Berlusconi. His creative force, his entrepreneurial genius, his constant correction of behavior, his extraordinary humanity have always been the inalienable heritage of the company, as well as of the group companies.”, he said in a statement.

“And this heritage will continue to be at the base of all our activities, which will continue in a line of absolute continuity in all aspects.”, added the family holding company, chaired by his eldest daughter Marina Berlusconi.

Fininvest, founded by Berlusconi in 1978, has more than 20,000 employees and an annual turnover of 5 billion euros and is one of the largest Italian companies, including publishing giant Mondadori and Mediolanum bank.

The shares of the main companies of the business conglomerate of the Berlusconi family continue to rise hours after the death of Berlusconi.

A few minutes after the tycoon’s death was made public, the shares of Media For Europe (MEF), the former Mediaset Italia, shot up to close to increases close to 10% that have moderated over the hours to remain around 6, 18%, with a price per share of 0.50 at 3:30 p.m. (13:30 GMT).

The Berlusconi own 53% of the capital of Mondadori, which an hour after the announcement of the death rose 2.05%, with a price per share of 1.99 euros, advanced 1.84% at 3:30 p.m. local time, with a value of 1.98 euros per participation.

The exception to the increases is the bank Mediolanum, of which the Fininvest holding company of the Berlusconi family owns 30% of the capital, which lost 0.12% at 1:30 p.m. (11:30 GMT), with a price per share of 8.17 euros. .

Source: EFE