Leonardo Maria Del Vecchio, Essilorluxottica heir and publisher with the Quotidiano Nazionale, would have bought 2% of The Daily Fact on the open market.
2% on the private jet
It was Lmdv himself who announced it, accompanying the message in the last few hours with a photo taken on board a private jet, while he is holding a copy of the newspaper.
It is the umpteenth ‘part’ of a clash that has been going on for a few weeks, after the newspaper’s investigations into Del Vecchio and the tension with journalists. Lmdv Media (Del Vecchio’s investment vehicle), in fact, had announced its intention to launch a total takeover bid on Seif, the publisher of The Fact, aiming for 83% and delisting (off the stock exchange).
The share on the open market
The founding partners (Marco Travaglio, Peter Gomez, Antonio Padellaro) and the Board of Directors unanimously rejected the offer deemed hostile and denied access to the due diligence. Faced with the closure of governance, Lmdv withdrew the takeover bid before the launch. Finally, the demonstrative move by Del Vecchio Jr, who, as mentioned, purchases a symbolic 2% share on the open market.