Leonardo Maria Del Vecchio proposes acquiring EssilorLuxottica holding company
What happened
Leonardo Maria Del Vecchio announced a proposal to purchase shares of Delfin, the holding company that safeguards assets built by his father, Leonardo Del Vecchio. The offer includes options for either the total and immediate purchase of shares or more gradual acquisition formulas. The operation would be supported by a 22 billion loan from Citi, a US bank.
From thevermilion.com
Why it matters
The acquisition aims to give Leonardo Maria Del Vecchio control of the holding company, which controls EssilorLuxottica and holds interests in UniCredit and Generali. The corporate vehicle that would acquire the shares would be established with strengthened governance rules.
From thevermilion.com
Who's involved
- EssilorLuxotticaThe multinational eyewear and optical equipment company whose assets are controlled by the holding company being targeted.
- UniCreditOne of the entities whose interests are controlled by the holding company.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- EssilorLuxotticaSpeculative
EssilorLuxottica might face changes in ownership structure following the acquisition of the holding company.
- UniCreditSpeculative
UniCredit might see changes in its ownership structure as the holding company gains control.
- LuxotticaSpeculative
Luxottica might see changes in ownership or corporate governance through the holding company's acquisition.
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The entities involved
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Michal Strnad
Czech manager
Nothing else this week.
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EssilorLuxottica
Multinational eyewear and optical equipment company