Del Vecchio’s close aide takes reins of business empire

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MILAN, July 4 (Reuters) – Leonardo del Vecchio’s close aide Francesco Milleri on Monday took the reins of the financial business keeping 27 billion euros ($28 billion) in belongings left driving by the Italian eyewear billionaire who died past 7 days.

Del Vecchio’s holding business Delfin explained in a assertion it experienced appointed Milleri, who is the CEO and chairman of eyewear huge EssilorLuxottica ESLX.PA, as chairman.

Delfin extra that Chief Executive Romolo Bardin, a different Del Vecchio lieutenant, would proceed in his position.

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

The Luxembourg-primarily based firm is also the single most significant shareholder in Milanese merchant financial institution Mediobanca with 19.4% and the 2nd-greatest investor in Italian insurance company Generali GASI.MI with 9.8%.

It owns a 27% stake in Paris-shown Covivio CVO.PA and is a long-time investor in bank UniCredit CRDI.MI with a 2% stake.

($1 = .9591 euros)

(Reporting by Claudia Cristoferi, creating by Giulia Segreti editing by Valentina Za)

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