Market Chatter: Citigroup Provides Financing for Del Vecchio's Push to Gain Control of Delfin

MT newswire2026/11/02 09:32

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05:32 AM EST, 11/02/2026 (MT Newswires) -- Citigroup (C) arranged up to 22 billion euros ($24.68 billion) in financing for Leonardo Maria Del Vecchio to buy out other shareholders in Delfin, EssilorLuxottica's largest investor, Reuters reported Monday, citing a person close to the businessman. Del Vecchio aims to acquire five or six stakes in Delfin to gain greater control over the holding company, following an earlier offer to shareholders without disclosing financial details, the report added. Citigroup didn't immediately reply to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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