Italian billionaire Del Vecchio buys 6.94% of Mediobanca

Industry:    2019-09-19

Italian billionaire Leonardo Del Vecchio has acquired a stake of 6.94% in Italian investment house Mediobanca, his holding company Delfin said on Tuesday.

Del Vecchio, the founder of eyewear company Luxottica, owns a stake of 4.86% in Italy’s biggest insurer Generali through Delfin.

Generali’s biggest shareholder is Mediobanca.

“We are a long-term investor (in Mediobanca) and will support and speed up creation of value for all stakeholders,” Del Vecchio said.

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