Adds quotes, feedback from sources, background
Adds quotes, feedback from sources, background
MILAN, Oct 11 (Reuters) – Mediobanca’s third-biggest investor Leonardo Del Vecchio known as for it to get larger by means of acquisition on Friday, stepping up his questioning of the Italian service provider financial institution’s technique.
The 84-year-old billionaire purchased a 7% stake in Mediobanca final month, beautiful company Italy and elevating questions over its future earlier than it presents a brand new marketing strategy in November.
Del Vecchio, who based spectacles maker Luxottica within the 1960s, advised Enterprise Insider Italia, that Mediobanca was too small, having missed out on a lot of potential offers.
“Mediobanca has already wasted a number of alternatives, it should change into larger. When alternatives for progress current themselves you could bounce on them,” he was quoted as saying.
Del Vecchio grew Luxottica through acquisitions and merged it with French lens producer Essilor ESLX.PA final 12 months.
…