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* 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 (Reuters) - 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 the Netherlands.
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 Prince Willem-Alexander.
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)