Berlusconi's holding selling 5.6 percent of Mediolanum

MILAN Tue Dec 10, 2013 12:07pm EST

Former Italian Prime Minister Silvio Berlusconi gestures as he attends the launch of the book ''Sale, zucchero e caffe''' (Salt, Sugar and Coffee) by journalist Bruno Vespa, in downtown Rome December 4, 2013. REUTERS/Remo Casilli

Former Italian Prime Minister Silvio Berlusconi gestures as he attends the launch of the book ''Sale, zucchero e caffe''' (Salt, Sugar and Coffee) by journalist Bruno Vespa, in downtown Rome December 4, 2013.

Credit: Reuters/Remo Casilli

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MILAN (Reuters) - Fininvest, the holding company of former Italian prime minister Silvio Berlusconi, said on Tuesday it had started to sell 5.61 percent in asset manager Mediolanum (MED.MI).

The placement of 41.3 million shares is being carried out through an accelerated bookbuilding aimed at Italian and foreign institutional investors, Fininvest said in a statement.

Currently Fininvest, which also has controlling stakes in media companies Mediaset (MS.MI) and Mondadori (MOED.MI) and owns soccer club AC Milan, owns a 35.72 percent of Mediolanum.

(Reporting by Danilo Masoni, editing by Isla Binnie)

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