Ray-Ban heir buys 2 percent stake in Il Fatto

Leonardo Maria Del Vecchio announced he acquired a two percent stake in SEIF, the publisher of Italian opposition newspaper Il Fatto Quotidiano. The investment follows his dropped takeover bid after a dispute with the company.

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FILE PHOTO: 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/File Photo

Leonardo Maria Del Vecchio acquired a 2% stake in the publisher of an opposition newspaper in Italy, following a failed takeover attempt. The investment comes after key shareholders rejected his request for due diligence access regarding the target firm.