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3 clusters · 38 sources · 5 days · First seen 7 days ago · Last updated 2 days ago

Leonardo Maria Del Vecchio bids for Delfin Sarl

Overview

Leonardo Maria Del Vecchio, president of Lmdv Capital, has issued a formal proposal to acquire the shares of Delfin Sarl, the Luxembourg-based holding company owned by the heirs of the late Leonardo Del Vecchio. The offer, valued at approximately €30 billion, aims to consolidate family control and prevent a takeover by Czech billionaire Michal Strnad, who previously submitted an unsolicited €30 billion cash offer.

Del Vecchio’s proposal offers €3.7 billion for each of the seven other 12.5 percent stakes. To provide flexibility, the deal includes options for an all-cash transaction or a structure where 30 percent is paid immediately and 70 percent is settled in EssilorLuxottica shares after 12 to 14 months. Reports indicate that Lmdv Capital may secure up to €22 billion in financing from Citigroup to support the operation. Delfin holds strategic interests in EssilorLuxottica, Generali, MPS, and UniCredit, with total assets valued at over €40 billion.

Despite Del Vecchio’s efforts to foster dialogue by instructing lawyers to withdraw previous legal actions against certain family members, the proposal has faced internal resistance. Four heirs, including Rocco Basilico, Luca, Clemente, and Paola Del Vecchio, have reportedly rejected the offer. This struggle remains a high-stakes battle over the legacy of the late Leonardo Del Vecchio.

Entities

Leonardo Maria Del Vecchio · EssilorLuxottica · Delfin · Leonardo Del Vecchio · Czechoslovak Group

Claims

What the coverage asserts, and how many sources carry each claim.

[● 9 SOURCES] Leonardo Maria Del Vecchio sent an offer to Delfin shareholders to purchase their stakes. www.ilsannioquotidiano.it · www.forchecaudine.com · www.spazio50.org · www.ilcorrieredelgiorno.it · citynotizie.it · +4 more
[● 8 SOURCES] A major international credit institution is available to finance Del Vecchio’s operation. www.ilsannioquotidiano.it · www.forchecaudine.com · www.spazio50.org · www.ilcorrieredelgiorno.it · citynotizie.it · +3 more
[● 8 SOURCES] Michal Strnad offered €30 billion to acquire Delfin. www.ilcorrieredelgiorno.it · praguemorning.cz · www.ad-hoc-news.de · cpp-luxury.com · www.patria.cz · +3 more
[● 6 SOURCES] Leonardo Maria Del Vecchio has instructed his lawyers to drop legal actions against some family members. www.ilsannioquotidiano.it · www.forchecaudine.com · www.spazio50.org · citynotizie.it · sapo.pt · +1 more
[● 5 SOURCES] Strnad’s offer represents a 30% discount on the estimated net asset value of Delfin. www.ilcorrieredelgiorno.it · www.ad-hoc-news.de · cpp-luxury.com · praguemorning.cz · www.mononews.gr
[● 4 SOURCES] Delfin holds approximately a one-third stake in EssilorLuxottica. www.ilcorrieredelgiorno.it · www.ad-hoc-news.de · cpp-luxury.com · sapo.pt
[● 4 SOURCES] Strnad’s offer would require the approval of all eight shareholders to change ownership restrictions. www.ilcorrieredelgiorno.it · www.ad-hoc-news.de · cpp-luxury.com · www.patria.cz
[● 3 SOURCES] The buyout offer from Leonardo Maria Del Vecchio is valued at approximately €29.6 billion. www.forbes.com.tr · www.ceskenoviny.cz · www.powergame.gr
[● 2 SOURCES] Rocco Basilico rejected a €3.5 billion proposal from Leonardo Maria Del Vecchio to buy his 12.5% stake. cpp-luxury.com · sapo.pt

Timeline

2 days ago

[BUSINESS] 4 sources
Leonardo Maria Del Vecchio proposes 30 billion euro takeover of Delfin
Leonardo Maria Del Vecchio has proposed a 30 billion euro deal to control Delfin, the family holding company with stakes in EssilorLuxottica and Generali, despite rejection from four heirs.
5 days ago

[BUSINESS] 16 sources
Leonardo Maria Del Vecchio launches €29.6 billion bid for Delfin
Leonardo Maria Del Vecchio has proposed a €29.6 billion buyout of the Delfin holding company to secure the family legacy and counter a €30 billion bid from Czech billionaire Michal Strnad.
7 days ago

[BUSINESS] 20 sources
Michal Strnad offers 30 billion euros for Delfin holding
Czech billionaire Michal Strnad has offered 30 billion euros to acquire Delfin, the holding company controlling major stakes in EssilorLuxottica, Generali, and several Italian banks.

Sources

acuite.fr · ad-hoc-news.de · ameve.eu · businesspeople.it · ceskenoviny.cz · chiamamicitta.it · cpp-luxury.com · diariodelweb.it · editorialedomani.it · en.protothema.gr · fakti.bg · forchecaudine.it · globalindians.com · ilcorrieredelgiorno.it · ilfattoquotidiano.it · ilsannioquotidiano.it · insider.gr · judaismonline.com · karitas.si · kurzy.cz · laverita.info · metropolitanmagazine.it · mononews.gr · newmoney.gr · observador.pt · patria.cz · powergame.gr · quotidiano.net · ravennanotizie.it · rimininotizie.net · sapo.pt · sdr.liccom.edu.uy · spazio50.org · sportvoorrang.nl · unionesarda.it · velvetmag.it · worldtradelaw.typepad.com · xibaaru.sn

This summary has been updated 3 times: see revision history