Business · Companies · 7 hrs ago
Clemente Del Vecchio becomes Delfin’s largest shareholder
Clemente Del Vecchio has become Delfin’s largest shareholder after buying shares from Rocco Basilico for about €800,000.
The 22-year-old, the youngest of founder Leonardo Del Vecchio’s eight heirs, now holds just over 12.5% of the Luxembourg-based holding company.
The transfer covered 550 ordinary shares and 22 preferred shares, and Delfin’s board registered the sale after receiving notice in October.
The deal also supports Basilico’s claim to full ownership of his shares, which his half-brother Leonardo Maria had disputed.
The heirs remain divided over the estate, including the shares, dividends and management of Delfin’s investments in companies such as EssilorLuxottica and Generali.
Leonardo Maria has said he asked his lawyers to end lawsuits against his siblings, but no overall inheritance agreement has been announced.
Clemente Del Vecchio has become Delfin’s largest shareholder after buying a small block of shares from Rocco Basilico.
The 22-year-old’s stake is now just above 12.5%, edging past the equal 12.5% stakes initially assigned to the other shareholders.
The agreement was made on July 23, 2026, and the transfer was registered after the holding received a letter on October 12.
The purchase also bears on a dispute over whether Basilico has full ownership of his shares, which Leonardo Maria Del Vecchio has challenged.
The wider inheritance dispute has delayed the restructuring of Delfin, whose heirs have also disagreed over dividends, share transfers and investment management.
- Who
- Clemente Del Vecchio bought shares from Rocco Basilico.
- What
- The purchase made Clemente Delfin’s largest shareholder, with a stake just above 12.5%.
- When
- The agreement dates to July 23, 2026; the holding received notice on October 12.
- Where
- Delfin, the Luxembourg holding company.
- Why
- The purchase increased Clemente’s stake. It also reinforces, according to a source close to Basilico, recognition of Basilico’s full ownership of his shares, which Leonardo Maria has disputed.
Leonardo Maria Del Vecchio
Rocco Basilico
Ownership dispute
Leonardo Maria Del Vecchio
Leonardo Maria has challenged Basilico’s right to dispose of the shares as their full owner, after their mother gave up her usufruct.
Rocco Basilico
Basilico’s share sale and its registration are described by a source close to him as confirming recognition of his full ownership.
Leonardo Del Vecchio died, and disagreements among the heirs slowed Delfin’s restructuring.
Clemente Del Vecchio and Rocco Basilico agreed to the share sale.
Delfin received a letter notifying it of the transfer.
Delfin’s board had accepted and registered the share transfer.
- Purchase price
- About €800,000
- Shares transferred
- 550 ordinary shares and 22 category A preferred securities (PESCs)
- Clemente Del Vecchio’s age
- 22
- Clemente’s resulting stake
- Just above 12.5%
- Agreement date
- July 23, 2026
- Transfer notification
- Letter dated October 12, 2026
What people are saying
Enough with fratricidal wars
close all lawsuits against my brothers