Half brothers Leonardo Maria Del Vecchio and Rocco Basilico, two of late Luxottica founder Leonardo Del Vecchio's heirs, have reached an agreement to end a dispute regarding the Delfin holding company and close the law suits both sides had announced, ANSA sources said on Thursday.
Delfin is the majority shareholder of EssilorLuxottica, the company formed by the 2027 merger between Italian eyewear giant Luxottica and French group Essilor, and it also has major stakes in MPS, Generali and Unicredit.
In his will Leonardo Del Vecchio, who died in 2022 aged 87, divided Delfin equally between his six children, his widow Nicoletta Zampillo, and Basilico, Zampillo's son from her previous marriage to the banker Paolo Basilico.
Leonardo Maria Del Vecchio had challenged Rocco Basilico's right his stake.
Basilico, on the other hand, challenged the validity of a vote at a Delfin shareholder meeting in April approving a proposal for Leonardo Maria Del Vecchio to buy out two other siblings and take his overall stake up to 37.5%.
ALL RIGHTS RESERVED © Copyright ANSA