Del Vecchio’s close aide takes reins of business empire

Recasts, provides particulars

MILAN, July 4 (Reuters)Leonardo del Vecchio’s close aide Francesco Milleri on Monday took the reins of the monetary corporation keeping 27 billion euros ($28 billion) in belongings still left powering by the Italian eyewear billionaire who died final 7 days.

Del Vecchio’s holding company Delfin claimed in a statement it had appointed Milleri, who is the CEO and chairman of eyewear giant EssilorLuxottica ESLX.PA, as chairman.

Delfin additional that Main Executive Romolo Bardin, an additional Del Vecchio lieutenant, would continue on in his position.

Delfin’s principal asset is a 32% stake in EssilorLuxottica, worthy of more than 20 billion euros.

The Luxembourg-based company is also the solitary major shareholder in Milanese merchant bank Mediobanca with 19.4% and the 2nd-largest investor in Italian insurance provider Generali GASI.MI with 9.8%.

It owns a 27% stake in Paris-listed Covivio CVO.PA and is a prolonged-time trader in financial institution UniCredit CRDI.MI with a 2% stake.

($1 = .9591 euros)

(Reporting by Claudia Cristoferi, writing by Giulia Segreti enhancing by Valentina Za)

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