Published by Global Banking & Finance Review®
Posted on December 19, 2025
2 min readLast updated: January 20, 2026
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Leonardo Del Vecchio's LMDV Capital acquires 30% of Il Giornale, aiming to create an Italian media hub with the Angelucci family.
MILAN, Dec 19 (Reuters) - LMDV Capital, the investment vehicle of Leonardo Maria Del Vecchio, said on Friday it had agreed to buy a 30% stake in Il Giornale, a right-leaning Italian newspaper controlled by the Angelucci family.
Del Vecchio, one of the heirs to the late founder of eyewear giant EssilorLuxottica Leonardo Del Vecchio, said the deal marked the first step towards creating "an Italian publishing hub".
"This investment, alongside the Angelucci family, represents a concrete step in the direction I outlined in recent months: strengthening Italian publishing with patient, Italian industrial capital", Del Vecchio said.
The statement also said LMDV Capital had recently signed an exclusivity agreement to acquire a majority stake in an Italian media group, though it did not disclose the group's name.
Earlier this month, Del Vecchio said he had offered 140 million euros ($163.97 million) to buy the GEDI group, publisher of the centre-left Italian newspapers la Repubblica and La Stampa, but his offer was rejected.
GEDI, a loss-making company owned by the Agnelli family holding company EXOR, is in talks with the Greek media company Antenna.
Il Giornale, founded in 1974, was previously controlled by the Berlusconi family.
LMDV Capital has completed a string of acquisitions in recent years ranging from hospitality brands to the beverage industry.
($1 = 0.8538 euros)
(Reporting by Elisa Anzolin, editing by Giselda Vagnoni)
LMDV Capital is the investment vehicle of Leonardo Maria Del Vecchio, focusing on strengthening Italian publishing and media through strategic investments.
A stake in a company refers to the ownership interest or share that an individual or entity holds in that company, often represented as a percentage.
A media hub is a central location or organization that facilitates various media-related activities, including publishing, broadcasting, and content creation.
A majority stake refers to owning more than 50% of a company's shares, giving the stakeholder significant control over company decisions.
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