Leonardo Maria Del Vecchio Retains Citigroup to Finance Move to Grow Delfin Holding
Leonardo Maria Del Vecchio has engaged Citigroup to structure and lead financing for a proposed purchase of 12.5% stakes in family holding company Delfin from each of his siblings, Luca and Paola. If the transaction goes through, Leonardo Maria would hold 37.5% of Delfin. Luca and Paola have each signaled they expect about $7 billion for their 12.5…