Del Vecchio (Luxottica) exceeds 10% in Mediobanca. The climb financed by Unicredit and Intesa Sanpaolo

Delfin, holding company of Luxottica’s owner Leonardo Del Vecchio, Mediobanca rose to 10.16% compared to the previous 9.889%. This is what we learn from Consob’s communications on significant shareholdings. The growth beyond the 10% threshold of piazzetta Cuccia takes place after the green light from the ECB. “The investment in Mediobanca has a financial and long-term character, with the will of ensure stability and support the growth of the issuer “. This is what is stated in Delfin’s declaration of intentions, made to Consob. “Delfin it does not intend to acquire control“Over Mediobanca” or, in any case, exercise a dominant influence on the management “of the institute, the Del Vecchio company specifies.

“Any further increases in participation”, which cannot exceed 19.9% authorized by the ECB “will therefore be assessed from time to time on the basis, mainly, of the investment return, market conditions and purchase opportunities”. Delfin also specifies 10% was acquired for the “majority” by resorting to financial debt. In particular, 74.49% of the stake was acquired “through resources deriving from a revolving credit line granted – without restriction of purpose – by Unicredit Luxembourg” and for 23.04% through “a revolving credit line granted – with no purpose constraint – by Intesa Sanpaolo Luxembourg “. Only 2.47% was acquired through own means. “There are no agreements with other shareholders or third parties concerning the investment in Mediobanca”, adds the holding company

Mediobanca is the first shareholder of the Generali group with 13.4%. Del Vecchio also owns a 4.8% direct stake in the Trieste insurance group.

Support ilfattoquotidiano.it: never like in this moment
we need you.

In these weeks of pandemic, we journalists, if we do our job conscientiously, we carry out a public service. Also for this reason, every day here at ilfattoquotidiano.it we are proud to offer hundreds of new contents for free to all citizens: news, exclusive insights, interviews with experts, surveys, videos and much more. All this work, however, has a great economic cost. Advertising, at a time when the economy is at a standstill, offers limited revenues. Not in line with the access boom. This is why I ask those who read these lines to support us. To give us a minimum contribution, equal to the price of a cappuccino per week, which is essential for our work.
Become a supporting user clicking here.

Thank you
Peter Gomez

But now we are the ones who need you. Because our work has a cost. We are proud to be able to offer hundreds of new content to all citizens for free every day. But advertising, at a time when the economy is at a standstill, offers limited revenues. Not in line with the boom in accesses to ilfattoquotidiano.it. This is why I ask you to support us, with a minimum contribution, equal to the price of one cappuccino per week. A small but fundamental sum for our work. Give us a hand!
Become a supporting user!

With gratitude
Peter Gomez


ilFattoquotidiano.it

Support now


Payments available

Previous article

With Covid, the richest are getting richer, the poor return to increase after 20 years

next


Share on facebook
Facebook
Share on pinterest
Pinterest
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.