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Italian Dolphin may buy back shares amid family disputes
The Italian company Delfin, owned by the Del Vecchio family and the largest shareholder of EssilorLuxottica, is exploring financing options to acquire stakes from other shareholders amidst intense family disputes among the heirs, leading to a standstill within the company. The company is seeking a potential acquisition of two shares representing approximately 25% of the company, which could reduce the number of competing heirs from eight to six and increase each individual’s stake to around 16.5%. These discussions are taking place against the backdrop of family disagreements over control of the company, with hesitations about finalizing the deal. Negotiations have focused on a share owned by one of the heirs, estimated at about 12.5%. Delfin’s assets are valued at roughly €40 billion, primarily invested in EssilorLuxottica, along with holdings in other banks and insurance companies.
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