IUX24
TopMarketWorldEconomyFinanceTechnologyBusinessPoliticsAnalysis & Opinion

Del Vecchio offers to buy out Delfin shareholders

Leonardo Maria Del Vecchio has offered to buy out fellow shareholders in family holding company Delfin. He secured significant financing to fund the acquisition of the stakes. The move follows a previous bid by Czech businessman Michal Strnad.

Xurve View
Insights:
FILE PHOTO: OneSight EssilorLuxottica Foundation's President Leonardo Maria Del Vecchio attends a conference in Rome, Italy October 5, 2023. REUTERS/Remo Casilli/File Photo

Leonardo Maria Del Vecchio offered to buy out fellow shareholders in Delfin through up to €22B ($24.6B) in financing from CITIGROUP INC, according to a letter published Monday in Italy.