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Last Trade - 17/05/21

Consumer Cyclicals
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
    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)
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