Ads quotes, context

MILAN, Oct 8 (Reuters)Eyewear tycoon Leonardo Del Vecchio said on Thursday he is ready to support ambitious plans for Mediobanca MDBI.MI after raising his stake in Italy’s top investment bank to just above 10%, according to an interview with daily Il Messaggero.

Del Vecchio, the 85-year-old founder of spectacles maker Luxottica, last year emerged as the largest shareholder in Mediobanca, sending shockwaves through Italy’s financial world.

“Delfin from today is the major shareholder and is determined to remain so for a long time, ready to support the growth of the bank and to support plans that I hope will be ambitious”, Del Vecchio told Il Messaggero.

Last year Del Vecchio criticised Mediobanca’s strategy saying it relied too heavily on consumer finance and income from the bank’s 13% stake in Italian insurer Generali GASI.MI.

However, he later backed a business plan presented by the

Read More