By  on November 8, 2019

MILAN — Leonardo Del Vecchio is now the biggest investor in Italian bank Mediobanca.

The founder and chairman of Italian eyewear giant Luxottica, through his Luxemburg-based holding Delfin, has become the bank’s main shareholder following UniCredit’s sale of its 8.4 percent share capital, equivalent to about 74.5 million existing ordinary shares. The gross proceeds from the sale amount to 785 million euros.

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