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Back|Leonardo Maria Del Vecchio tries again, sent an offer for all the shares, from Delfin 'no comment'
Leonardo Maria Del Vecchio tries again, sent an offer for all the shares, from Delfin 'no comment'
Developing
ANSA Economia·2 hours ago·Business·2 min read·🇮🇹Italy·

Leonardo Maria Del Vecchio tries again, sent an offer for all the shares, from Delfin 'no comment'

The president of Lmdv Capital has sent an offer to Delfin's shareholders and proposes a meeting by November 7th

Quick Look

  • 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.

AI-generated summary

Why It Matters

Leonardo Maria Del Vecchio has sent Delfin shareholders an offer to purchase the shares.

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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".

"No comment". This is Delfin's response to Leonardo Maria Del Vecchio's letter to purchase the brothers' six shares for 22 billion, according to what ANSA has learned. Even sources close to Rocco Basilico, who recently rejected a proposal for his 12.5% ​​stake, do not comment. Another attempt by Lmdv Fin to buy 25% from Paola and Luca Del Vecchio for 10 billion was unsuccessful due to the failure to grant a letter of patronage. Now, however, Leonardo Maria would not need a guarantee as he could count, ANSA is told, on the support of Citi.

What to Watch

AI outlook — possibilities, not facts

  • Meeting between members by November 7th

    Likely · Within days

Open Questions

  • ?What will be the formal response of Delfin's shareholders to the offer?
  • ?Will the meeting on November 7th be held regularly?

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This article was originally published by ANSA Economia.

Quick Look

  • 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.

AI-generated summary

Story signals

News tone
Neutral
Emotional intensity
High
News value
Moderate
Global impact
National
Urgency
Developing
Follow-up likelihood
Very likely
Relevance window
Days

Source & Reliability

Source
ANSA Economia
Story type
Hard news
Source quality
Full
Published
2 hours ago
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Leonardo Maria del Vecchio
dolphin
lmdv capital
Leonardo Maria del Vecchio
Leonardo Maria Del Vecchio
Michal Strnad
Rocco Basilico
Paola Del Vecchio
Dolphin
Lmdv Capital
Qn
EssilorLuxottica
dolphin
lmdv capital
Essilorluxottica
finance

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