MILAN (Reuters) - Italian billionaire Leonardo Del Vecchio has acquired a stake of 6.94% in Italian investment house Mediobanca (MDBI.MI), his holding company Delfin said on Tuesday.
Del Vecchio, the founder of eyewear company Luxottica, owns a stake of 4.86% in Italy’s biggest insurer Generali (GASI.MI) through Delfin.
Generali’s biggest shareholder is Mediobanca.
“We are a long-term investor (in Mediobanca) and will support and speed up creation of value for all stakeholders,” Del Vecchio said.
Reporting by Francesca Landini, editing by Stephen Jewkes