Luxottica Heir Has €14 Billion Plan to Solve Estate Dispute

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Billionaires:One of EssilorLuxottica SA founder Leonardo Del Vecchio’s sons is considering an offer to buy out two of his siblings for €14 billion ($16.5 billion) from the family holding company, in a deal that would help 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 price represents a discount to current market values, the people told Bloomberg News, asking not to be named discussing a private matter.