Del Vecchio’s Delfin Denies Paschi Talks With UniCredit

Delfin Sarl, the investment firm of the billionaire Del Vecchio family, denied it’s in talks with UniCredit SpA over potentially selling its 17.5% stake in rival lender Banca Monte dei Paschi di Siena SpA.

“Delfin’s board of directors announces that it has never discussed the possibility of divesting its financial stake” in Monte Paschi, a spokesperson for the holding firm said by message on Friday. “Delfin denies that negotiations are underway with UniCredit or other operators aimed at the total or partial sale of its stake” in the Italian bank.