Del Vecchio Heir Has $17 Billion Plan to Resolve Inheritance

Billionaire Leonardo Maria Del Vecchio, the son of EssilorLuxottica SA’s founder, is considering making an offer to buy stakes worth around €14 billion ($16.5 billion) in the family’s holding company from two of his siblings, in a bid to resolve a protracted inheritance dispute, according to people familiar with the matter.

Leonardo Maria Del Vecchio has sent a letter to Delfin Sarl saying he may be ready to purchase 12.5% stakes held by Luca and Paola Del Vecchio, La Repubblica reported earlier. The plan involves discount to current market values, the people told Bloomberg News, asking not to be named discussing a private matter.