May 26, 2016 5:13 AM ET

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Company Overview of Finanziaria d'investimento Fininvest S.p.A.

Company Overview

Finanziaria d'investimento Fininvest S.p.A. is a holding company that engages in commercial television, cinema, publishing, financial services, and sport businesses. It owns analogical private television networks in Italy; engages in publishing and distributing books and periodicals; and provides advertising, direct and retail, and radio services. The company specializes in pensions, banking, and insurance financial services. It engages in the production and distribution of films, sporting events, sale of television rights, commercial activities, marketing, and ticket sales. The company was founded in 1961 and is based in Rome, Italy. Finanziaria d'investimento Fininvest S.p.A. operates as a...

Largo del Nazareno, 8

Rome, RM 00187

Italy

Founded in 1961

Phone:

39 0667 38 60 18

Key Executives for Finanziaria d'investimento Fininvest S.p.A.

Chief Executive Officer and Director
Age: 68
Consultant and Director
Age: 77
Compensation as of Fiscal Year 2015.

Finanziaria d'investimento Fininvest S.p.A. Key Developments

Fininvest Negotiations With Chinese Investors For AC Milan Reportedly To Last For 45 Days

Gazzetta dello Sport reported that the exclusive negotiating deal with Finanziaria d'investimento Fininvest S.p.A. selling stake in Associazione Calcio Milan s.p.a. to Chinese investors will last for 45 days, and a €500 million offer for 70% of Milan is being discussed. Previously Finanziaria d'investimento Fininvest S.p.A. and Associazione Calcio Milan s.p.a. published on the company website that they are free to negotiate a deal with Chinese investors.

MoU For Negotiations Entered Between AC Milan And Chinese Investors

Finanziaria d'investimento Fininvest S.p.A. has reached an agreement with a group of Chinese investors in establishing exclusive negotiating rights for the sale of shares of Associazione Calcio Milan s.p.a. A memorandum of understanding has also been signed which will act as a starting point for more in depth negotiations to take place. A memorandum of understanding has also been signed which will act as a starting point for more in depth negotiations to take place.

Chinese Investor Reportedly Plans Deal For AC Milan By June

The Chinese investor group intends to finalize a deal to acquire Associazione Calcio Milan s.p.a. (AC Milan) by June 2016, people with knowledge of the matter said. The consortium, whose investors have a background in renewable energy and media, had agreed on most key terms and was seeking a deal in time for the summer transfer season, the sources said. Finanziaria d'investimento Fininvest S.p.A. and the Chinese group had already discussed plans to strengthen the squad, and the initial investment would be used to make the team more competitive rather than pay down debt, one of the people said. The Chinese consortium seeks to acquire at least a 50% stake, which could rise to about 70%, one of the sources said. The investors were conducting due diligence on AC Milan’s debt as well as player contracts, another source said.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 2, 2015
Associazione Calcio Milan s.p.a.
 

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