Silvio Berlusconi's family
holding company Fininvest said Friday it was challenging "in all
competent fora", including the European Court of Justice, the
European Central Bank's decision on its stake in Banca
Mediolanum and had filed two appeals against the Bank of Italy",
one at the Regional Administrative Court (TAR) of Lazio and the
other at the Council of State.
On Wednesday it emerged that the ECB was against Fininvest
taking back full control of a 30% stake in Mediolanum because of
the "reputational profile" of Berlusconi.
The ECB said it opposes Fininvest owning a "significant
stake" in the Banca Mediolanum bank.
The ECB decision came in the wake of an administrative
procedure by the Bank of Italy.
The Italian central bank in October 2014 ordered Fininvest
to sell 20% of Mediolanum holdings as the three-time prime
minister could no longer own more than 10% of a financial
company following a tax-fraud conviction.
The Council of State, Italy's top administrative court, in
December 2015 ruled in favor of Fininvest's case to suspend the
forced sale.
Such a sale would have left Fininvest with a stake of 9.9%
in Mediolanum, which is controlled by the Doris family.
A statement released by Berlusconi's holding on Wednesday
said Fininvest questioned the decision and "will preserve its
rights and interests with the utmost energy and determination"
at a national and European level.
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