Del Vecchio’s close aide takes reins of business empire

The Luxottica name is reflected in a pair of sun shades in this photo illustration taken in Rome February 4, 2016. REUTERS/Alessandro Bianchi

Sign up now for Free of charge limitless obtain to Reuters.com

MILAN, July 4 (Reuters) – Leonardo del Vecchio’s near aide Francesco Milleri on Monday took the reins of the fiscal organization holding 27 billion euros ($28 billion) in property left at the rear of by the Italian eyewear billionaire who died past 7 days.

Del Vecchio’s holding business Delfin reported in a assertion it had appointed Milleri, who is the CEO and chairman of eyewear big EssilorLuxottica (ESLX.PA), as chairman.

Delfin extra that Main Government Romolo Bardin, a different Del Vecchio lieutenant, would continue on in his job.

Sign-up now for Free unlimited entry to Reuters.com

Delfin’s key asset is a 32% stake in EssilorLuxottica, truly worth additional than 20 billion euros.

The Luxembourg-dependent agency is also the solitary greatest shareholder in Milanese merchant financial institution Mediobanca with 19.4% and the 2nd-biggest trader in Italian insurance company Generali (GASI.MI) with 9.8%.

It owns a 27% stake in Paris-listed Covivio (CVO.PA) and is a lengthy-time trader in financial institution UniCredit (CRDI.MI) with a 2% stake.

($1 = .9591 euros)

Sign up now for Free unrestricted access to Reuters.com

Reporting by Claudia Cristoferi, composing by Giulia Segreti modifying by Valentina Za

Our Specifications: The Thomson Reuters Rely on Concepts.