EssilorLuxottica SA logo

EL - EssilorLuxottica SA News Story

€140.18 0.3  0.2%

Last Trade - 17/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £52.72bn
Enterprise Value £55.77bn
Revenue £12.43bn
Position in Universe 18th / 850

No request from Del Vecchio to lift Mediobanca stake past 10%-minister

Wed 15th January, 2020 2:54pm
MILAN, Jan 15 (Reuters) - Italian billionaire Leonardo Del
Vecchio has so far filed no request with the Bank of Italy to
increase his stake in Mediobanca  MDBI.MI  above 10%,
parliamentary relations minister Federico D'Inca said on
Wednesday.
    Del Vecchio, founder of eyewear group Luxottica, snapped up
a stake of 7% in Mediobanca in September and then increased it
to almost 10% last month, becoming Mediobanca's top shareholder,
after the bank's decades-long partner UniCredit  CRDI.MI  sold
its own holding.
    The businessman, whose entry into Mediobanca in September
fuelled speculation of a shake up in Italian finance, is
expected to increase his stake further, sources with knowledge
of the matter said in November.
    However D'Inca told a parliamentary hearing that Del
Vecchio's holding Delfin, "has not filed, as of Wednesday a
request to the competent supervisory authority in order to
increase his stake above 10%."   

 (Reporting by Gianluca Semeraro, editing by James Mackenzie)
 ((gianluca.semeraro@tr.com; +39 02 66 129 503;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.