Delfin Explores Bank Funding for Stake Buyout
Italian holding company Delfin is exploring bank financing for a potential internal stake buyout to resolve succession disputes among heirs. Discussions remain at an early stage with no guaranteed transaction.
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Delfin is exploring financing options with banks to fund a potential buyout of internal stakes held by disgruntled heirs, two people familiar with the matter said on Thursday afternoon.
The discussions aim to resolve a prolonged succession deadlock among the eight heirs of late Italy billionaire Leonardo Del Vecchio. The holding company boasts a net asset value of €40 billion ($44.87 billion), anchored by a 32.4% stake in ESSILORLUXOTTICA.
