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.