* Family behind Flint one of the Netherlands' richest
* Prysmian bid values Flint stake at more than 400 mln euros
* Xinmao offer values stake at nearly 500 mln euros
By Marcel Michelson
AMSTERDAM, Nov 22 A secretive Dutch investment
fund holds the key to the future of bid target Draka DRAK.AS.
Flint Beheer has a 48.5 percent stake in the Dutch cable
group which is being bid for by Italy's Prysmian and Chinese
group Xinmao [ID;nLDE6AL1BH]. It is the investment vehicle of
the Fentener van Vlissingen family.
Three of the family members are ranked among the 25 richest
Dutch people -- ahead of the Dutch royal family's estimated 900
million euro worth.
That wealth looks set to increase further after Flint
successfully played off world cable leader Nexans (NEXS.PA) of
France against Italy's Prysmian (PRY.MI) to hook a deal on
Monday with the number two player.
But within hours, Flint also landed a surprise cash offer
from China's Xinmao Group which values its stake at almost 500
million euros ($686 million), some 20 percent higher than cash
and shares on offer from Prysmian.
The Fentener van Vlissingen family represents old money in
Jan Fentener van Vlissingen built a business empire with his
family's SHV coal trading group. He later branched out into oil
and the Makro wholesale stores.
Makro and SHV severed ties with then apartheid South Africa
after Dutch stores were the target of arson attacks in 1985-1986
by the RaRa revolutionary cell.
Jan's sons John, Frits and Paul were astute businessmen in
their own right, and their children are also active investors.
Harold and Annemieke, children of the deceased Frits, now
sit on the Draka board. Annemieke is also on the boards of
Heineken (HEIN.AS), the family-controlled brewer, and the Dutch
central bank. She is sometimes described as the most powerful
businesswoman in the Netherlands. Harold is a friend of Crown
The large family still controls SHV which also owns the NPM
private equity fund, Mammoet heavy lifitng and transport
solutions and the ERIKS industrial services groups.
SHV was founded in 1896. Through NPM it has a stake in
Auping mattresses, Dobben Dutch snacks and the Bol.com online
book and music store.
(Editing by Sara Webb and Alexander Smith)