Leonardo Maria Del Vecchio hires Citibank to assist in increasing Delfin shares—Report

2026-03-10 07:25:12

Abstract generation in progress

Investing.com – According to Il Sole 24 Ore, Leonardo Maria Del Vecchio has hired Citigroup (NYSE:C) to assist in increasing his stake in his family-controlled company Delfin.

The report states that Citigroup will provide advisory services and lead the financing for this transaction.

Leonardo Maria has submitted a proposal to Delfin, requesting to exercise his pre-emptive rights to purchase 12.5% of the shares from each of his siblings Luca and Paola. This process is clearly outlined in the bylaws established by the late founder of EssilorLuxottica, Leonardo Del Vecchio.

If the transaction is completed, Leonardo Maria will become Delfin’s largest shareholder with a 37.5% stake.

Additionally, a letter reported by Repubblica shows that Luca and Paola each demand approximately $7 billion for their 12.5% holdings in Delfin.

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