Italy court suspends sale of bulk of Fininvest stake in Mediolanum-source

December 4, 2015 1:53 PM

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MILAN Dec 4 An Italian appeals court has accepted a request from Fininvest to suspend the forced sale of the majority of the stake the holding of former prime minister Silvio Berlusconi owns in asset manager Mediolanum, a source close to the matter said on Friday.

Fininvest, which owns 30 percent of Mediolanum, was ordered by the Bank of Italy October 2014 to sell a stake of just over 20 percent because Berlusconi was no longer allowed to own more than 10 percent of a financial company.

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