
The president of Lmdv Capital has sent a purchase proposal and proposes a meeting by November 7th
Leonardo Maria Del Vecchio offered Delfin shareholders to buy their shares, calling it the most serious proposal ever made and announcing that he had obtained financing from an international credit institution.
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The Delfin holding company manages significant shareholdings including EssilorLuxottica.
Leonardo Maria Del Vecchio has sent Delfin shareholders an offer to purchase their shares. This was made known by the president of Lmdv Capital himself who, in a letter published on Qn, of which he is the editor, speaks of the "most serious proposal I have ever made". The entrepreneur announces that he has obtained "the availability of a primary international credit institution to finance the operation" and that he has proposed "both a total and immediate purchase of the shares, and other forms more spread out over time". And to present the project in detail he suggests that members "meet us by November 7th, all together or individually".
"Since our father passed away, I have felt the burden of safeguarding what he built. I haven't always done it in the right way. In recent years I have looked for different solutions and sometimes I have chosen the path of confrontation. I recognize it: there have been mistakes, even in tone, and I'm not proud of them", adds Leonardo Maria Del Vecchio. "At the beginning I tried to provide stability, engaging directly in EssilorLuxottica and defending the structure that had been built in the hours following his death - he continues -. Subsequently, I tried to strengthen that balance by purchasing the shares of those who were furthest from management. When I realized that that road was leading nowhere, I took a step back". "In recent months I have chosen another direction: to reduce conflicts and reopen dialogue", underlines the entrepreneur and publisher, revealing that "in the last few days I have received many private appeals and, in the last few hours, also public ones. They asked me to try one last time to resolve the situation, before it was too late. I listened to them carefully. Some came from people who worked with my father for a long time, others from those who simply care about what he has built. In the meantime, our family situation has attracted interest of external parties", the Czech financier Michal Strnad. "It's legitimate. But I believe that the future of Delfin must be decided by those who know its history and share its responsibility. This is why I decided to take up those appeals." "My father built something that belongs not only to our family, but also to those who worked on it and to a country that recognized itself in that history - concludes Leonardo Maria Del Vecchio -. My task today is not to be right: it is to help protect it".
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Meeting between members by November 7th
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Leonardo Maria Del Vecchio offered Delfin shareholders the purchase of their shares, calling it the most serious proposal ever made and announcing the support of an international credit institution. The Delfin holding and sources close to Rocco Basilico choose the line of silence.