Tod's founder Diego Della Valle splits Piaggio stake with brother Andrea
17/12/2024 18:03
MILAN, Dec 17 (Reuters) - Diego Della Valle & C Srl, the
holding company of the founder of luxury shoemaker Tod's, has
transferred its stake in Piaggio PIA.MI to brothers Diego and
Andrea Della Valle, a spokesperson for the Vespa maker said on
Tuesday.
Earlier in the day a filing released by Italy's watchdog
CONSOB showed that Diego Della Valle's 5.5% stake in Piaggio was
cut to zero on Dec. 12.
Diego Della Valle Srl notified Piaggio and CONSOB of the new
distribution of the stake in Piaggio, which was previously held
by the holding company, the spokesperson said.
The CONSOB notification relates to the shareholding of Diego
Della Valle Srl. Diego Della Valle is still a shareholder in
Piaggio together with his brother Andrea, but as an individual,
the spokesperson spelled out.
(Reporting by Gianluca Semeraro; editing by Gavin Jones)
((gianluca.semeraro@tr.com; +39 06 80 307 741;))