Overview
- Italian media report the heirs approved transferring Luca and Paola Del Vecchio’s 12.5% stakes, lifting Leonardo Maria Del Vecchio to 37.5% and the top position at Delfin.
- The same meeting reportedly cleared a new payout plan that allows distributing up to 80% of profits in 2025–2027 by dropping a 10% dividend threshold.
- The deal is being routed through a newly formed vehicle, LMDV Fin, with an estimated €11 billion financing package under negotiation and a price near €10 billion for the 25% block.
- Banks in talks include UniCredit, Crédit Agricole and BNP Paribas, and the acquired shares could be pledged as collateral according to the reports.
- Signatures on the purchase agreements and final loan terms are still pending, and spokespeople have not officially confirmed the vote or financing details.