By Silvia Aloisi, Pamela Barbaglia and Stephen Jewkes
By Silvia Aloisi, Pamela Barbaglia and Stephen Jewkes
MILAN/LONDON, Nov 12 (Reuters) – One comes from a rich household, attended Milan’s finest colleges and has spent all his profession engineering mergers at Mediobanca MDBI.MI, Italy’s most influential funding financial institution.
The opposite was raised in an orphanage and was too poor to go to highschool however at 84 is Italy’s richest man, having constructed the world’s greatest eyewear group from scratch.
Mediobanca’s boss Alberto Nagel, 54, and Leonardo Del Vecchio, who in lower than two months has turn into the financial institution’s high investor, are squaring off in a battle for management that’s rattling the world of Italian finance.
At stake is the longer term route of Mediobanca, a venerable establishment greater than seven a long time previous. Billionaire tycoon Del Vecchio says Mediobanca ought to cut back its concentrate on client finance and as a substitute beef up its conventional funding banking enterprise via acquisitions.
Del Vecchio,…