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Del Vecchio heirs approve 10 bln euro buyout of two siblings, source says

MILAN, April 27 (Reuters) - The eight heirs of late Ray-Ban billionaire Leonardo Del Vecchio have approved a proposal by one of them to buy out two other siblings in a 10 billion euro ($11.7 billion) deal that could make future decisions easier at the family holding company Delfin, a source close to the matter said on Monday confirming reports in Italian media.

($1 = 0.8518 euros)

 (Reporting by Valentina Za and Elvira Pollina, editing by Gianluca Semeraro)

 ((valentina.za@thomsonreuters.com; +39 02 6612 9526;))

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