The Italian businessman currently holds a 12.5% stake in the Luxembourg-based firm and intends to acquire shares from two of his siblings to reach a 37.5% interest. While negotiations initially involved a syndicate of lenders including UniCredit and Credit Agricole, the process has stalled due to complexities surrounding guarantees and an ongoing inheritance dispute with his stepbrother, Rocco Basilico. Reports from Il Sole 24 Ore indicate that Del Vecchio has engaged in discussions with U.S. investment firm Apollo Global Management to bridge the funding gap.

Time is a critical factor, as Del Vecchio aims to finalize the transaction before the end of June. A shareholder meeting for Delfin is slated for June 30, serving as a de facto deadline for the parties involved. Beyond its primary position in EssilorLuxottica, Delfin maintains significant financial influence through stakes in Monte dei Paschi, Assicurazioni Generali, and UniCredit. While Del Vecchio and Basilico have reached a provisional settlement to drop cross-lawsuits, the finalization of the buyout remains contingent on resolving these outstanding legal and financial hurdles.