The billionaire children of the late Italian prime minister Silvio Berlusconi have succeeded in a Dublin High Court application related to their shareholding in an Italian bank.<\/p>\n
On Thursday, Judge Mary Rose Gearty gave permission to Silvio\u2019s eldest children, Marina Elvira Berlusconi and Pier Silvio Berlusconi, to bring a late notification to the Central Bank of Ireland relating to their acquisition of a significant shareholding in lender Banca Mediolanum.<\/p>\n
Under statutory regulations, notification of such a transaction to the Central Bank of Ireland is required.<\/p>\n
Fininvest, a Berlusconi family investment group, is a significant shareholder in Banca Mediolanum.<\/p>\n
Mediolanum\u2019s Irish fund management arm is regulated by the Central Bank and responsible for investments worth about \u20ac80 billion.<\/p>\n
Fininvest, through its investment, operates in the media and entertainment industry, publishing and financial services.<\/p>\n
According to a sworn statement filed to the High Court, Marina said her father held majority control of Fininvest prior to his death.<\/p>\n
After his death in 2023 aged 86, Silvio\u2019s shares in Fininvest were divided among his five children, including Marina and Pier Silvo.<\/p>\n
In accordance with Silvio\u2019s wishes, Marina and Pier Silvio subsequently entered an agreement to take joint control of Fininvest in September 2023.<\/p>\n
They entered another similar agreement in January 2025.<\/p>\n
Through their inheritance and subsequent agreements, Marina and Pier Silvo acquired an \u201cindirect qualifying holding\u201d of Fininvest\u2019s 30.02 per cent stake in Mediolanum.<\/p>\n
Such an acquisition requires notification to the Central Bank of Ireland.<\/p>\n
Solicitors for the Berlusconis were informed by the Central Bank in August 2025 that it required a High Court order to provide retrospective approval for the acquisition in Mediolanum.<\/p>\n
On Thursday, Declan Murphy, BL for Marina and Pier Silvio, instructed by William Fry solicitors, moved an application seeking permission for late notification to the Central Bank of the acquisition.<\/p>\n
The application was on notice to the Central Bank.<\/p>\n
The judge granted the orders as sought.<\/p>\n
Forbes magazine estimates Marina’s fortune, chairman of the Fininvest board, is valued in the region of \u20ac2.7 billion. Pier Silvio, a director on the board, is estimated to have a similar fortune.<\/p>\n","protected":false},"excerpt":{"rendered":"The billionaire children of the late Italian prime minister Silvio Berlusconi have succeeded in a Dublin High Court…\n","protected":false},"author":2,"featured_media":494908,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,60],"class_list":["post-494907","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/494907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=494907"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/494907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/494908"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=494907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=494907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=494907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}