Ray-Ban heir seeks to block $11.8B family share transfer in billionaire Leonardo Del Vecchio's business empire
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An heir to the late Ray-Ban billionaire Leonardo Del Vecchio is contesting a family deal worth EUR10 billion (US$11.8 billion) that would allow a sibling to increase his stake in the family holding company, Delfin Sarl. Rocco Basilico filed a legal claim in Luxembourg, arguing that the sale was approved using the wrong voting threshold. He holds 12.5% of Delfin's voting rights, which could have blocked the sale if the correct threshold of 88% had been applied. Basilico seeks to have the April 27 decision declared null and void.
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