Berlusconi heirs accept will, agree five-year lock-up

Arnoldo Mondadori Editore

11/09/2023 18:13

MILAN, Sept 11 (Reuters) - The five children of the late
media tycoon Silvio Berlusconi on Monday accepted their father's
will "in full harmony", the former prime minister's heirs said,
ensuring a smooth transition for his business empire.
    In becoming the sole owners of the family's holding company
Fininvest, the heirs have committed to a five-year lock-up
period during which their respective stakes will remain
unchanged, a person with knowledge of the matter said.
    "Marina, Pier Silvio, Barbara, Eleonora and Luigi Berlusconi
announce that they have accepted their father's inheritance,
interpreting his last wishes in total harmony to honour his
memory with profound gratitude," they said in a joint statement.
    Berlusconi, who died in June aged 86, in his will handed his
eldest children, Marina and Pier Silvio, control of the majority
of Fininvest, which had assets worth 4.5 billion euros at the
end of last year. 

 (Reporting by Elvira Pollina; editing by Valentina Za)
 ((elvira.pollina@thomsonreuters.com;))