Turning point in the long game over the legacy of Leonardo Del Vecchio. Leonardo Maria Del Vecchio has reached an agreement with his brothers Luca and Paola for the reorganization of Delfin, the family holding company that controls 32.4 percent of EssilorLuxottica. The agreement provides for the transfer of 25 percent of the company from the two brothers to Leonardo Maria, for a value of approximately 10 billion euros. The operation would take him from 12.5% to 37.5% of the holding, making him the first single shareholder of the safe born from the Luxottica empire.
The second commitment concerns succession: Luca and Paola, who had accepted the inheritance with the benefit of inventory, would have undertaken to follow up on the will and close the deal by 27 June, the fourth anniversary of the founder’s death. A move that could unblock years of tensions in family governance and also weigh on the balance of Italian finance, given Delfin’s role in EssilorLuxottica and in the country’s main financial holdings, from Generali to Monte dei Paschi and UniCredit.