Leonardo Maria Del Vecchio seeks to buy siblings' stake in family holding Delfin
Leonardo Maria Del Vecchio seeks to buy a 25% stake in Delfin from his siblings. This move aims to end a governance stalemate at the EssilorLuxottica owner.
Insights:
Leonardo Maria Del Vecchio announced on February 19, 2026, his intention to acquire an additional 25% stake in Delfin, the Luxembourg 
LU based family holding company. The plan involves purchasing the 12.5% stakes held by his brother Luca and his sister Paola. By notifying Delfin and other shareholders of his intent to exercise his pre-emption right, Leonardo Maria aims to end a three-year stalemate that has frozen governance and limited dividend distributions within the estate of the late Leonardo Del Vecchio.
LU based family holding company. The plan involves purchasing the 12.5% stakes held by his brother Luca and his sister Paola. By notifying Delfin and other shareholders of his intent to exercise his pre-emption right, Leonardo Maria aims to end a three-year stalemate that has frozen governance and limited dividend distributions within the estate of the late Leonardo Del Vecchio.The proposed transaction, which targets a combined stake with a reported market valuation of approximately €14 billion, is a pivotal moment for the holding company. Delfin serves as the primary shareholder in EssilorLuxottica, the global eyewear giant known for brands such as Ray-Ban and Luxottica. Beyond the eyewear sector, the holding maintains significant influence in Italy 
IT through its stakes in major financial and real estate entities, including Covivio, Banca Monte dei Paschi, Generali, and UniCredit.
IT through its stakes in major financial and real estate entities, including Covivio, Banca Monte dei Paschi, Generali, and UniCredit.
