LMDV

Leonardo Maria Del Vecchio, heir to the Luxottica fortune, is moving to acquire Italy's investigative newspaper Il Fatto Quotidiano through his holding Lmdv Media, with a takeover offer reportedly under way. Founding shareholders say they are not interested in selling their stakes. Separately, Del Vecchio says a new offer backed by Citi is being prepared for 100% of Delfin, the family holding at the centre of the Luxottica-EssilorLuxottica inheritance dispute.

Italian financier Leonardo Maria Del Vecchio has launched a new offer to acquire all shares of Delfin, the holding company at the center of the Luxottica succession dispute, according to RaiNews. Separately, his vehicle Lmdv Media has started a public tender offer for Seif at 0.286 euros per share, as reported by Il Sole 24 Ore. The twin moves mark a renewed push by Del Vecchio to consolidate control of assets linked to the family holding.

Italian holding LMDV has called off its planned takeover offer (Opa) for Seif, with Il Sole 24 ORE reporting that the bid stalled in the face of resistance linked to Fatto Quotidiano's controlling structure. The withdrawal leaves the newspaper's ownership question unresolved and renews attention on the battle over control of the publisher.