Home / Business and Economy / Del Vecchio Heirs Agree 10 Billion Euro Family Deal
Del Vecchio Heirs Agree 10 Billion Euro Family Deal
27 Apr
Summary
- Eight heirs approved a 10 billion euro buyout proposal.
- Leonardo Maria Del Vecchio will become Delfin's largest shareholder.
- An 80% dividend distribution for profits is proposed for 2025-2027.
The eight heirs of the late Leonardo Del Vecchio have reached a significant agreement regarding their family's holding company, Delfin. A proposal has been approved for a 10 billion euro deal where one heir, Leonardo Maria Del Vecchio, will buy out two other siblings. This transaction is expected to facilitate smoother decision-making processes for Delfin, which holds substantial stakes in EssilorLuxottica, Generali, and Monte dei Paschi.
This accord, which saw approval from six of the eight heirs, positions Leonardo Maria Del Vecchio as the largest single shareholder within Delfin. In a separate but related decision, seven heirs voted to approve a proposal to distribute 80% of Delfin's profits as dividends over the period spanning 2025 to 2027, signaling a potential shift in the company's distribution strategy.
