"Italian tycoon Leonardo Del Vecchio is backing a push for a change in leadership at Assicurazioni Generali SpA, saying that a proposed slate of new managers put forward by investor Francesco Gaetano Caltagirone could free the way for a major deal involving Italy's largest insurer."
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"Assicurazioni Generali SpA requested regulators to assess whether the stakes purchased by a shareholder group including construction magnate Francesco Gaetano Caltagirone and Leonardo Del Vecchio are in compliance with insurance sector rules."
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"Luxottica founder Leonardo Del Vecchio raised his stake in Mediobanca SpA to 15.4%, consolidating his grip as the single largest shareholder of the Italian investment bank."
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"Construction magnate Francesco Gaetano Caltagirone has bought more than 1% of Mediobanca SpA, joining Luxottica founder Leonardo Del Vecchio in the shareholding at Italy's largest traded investment bank."
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"Now a multi-billionaire, Leonardo Del Vecchio grew up as the child of a widowed mother who struggled to make ends meet, and who eventually sent him to an orphanage."
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"Luxottica founder Leonardo Del Vecchio has been the bank's biggest single investor since last year. "
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"EssilorLuxottica SA, the maker of Ray-Ban sunglasses, announced that Francesco Milleri will take over as chief executive officer and billionaire founder Leonardo Del Vecchio will step away from his executive duties."
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