EssilorLuxottica Completes Acquisition of Grandvision Stake
July 01 2021 - 12:06PM
Dow Jones News
By Giulia Petroni
EssilorLuxottica SA said Thursday that it has completed the
acquisition of HAL Optical Investments' 76.72% stake in Grandvision
NV at a price of 28.42 euros ($33.8) a share.
The Franco-Italian eyewear company said it will now launch a
mandatory public offer for the Dutch optical retailer's remaining
shares. The offer price per share will be of EUR28.42.
The goal is to delist Grandvision from Euronext Amsterdam,
according to EssilorLuxottica.
The company added that it has sufficient funds to fully finance
the payment of all issued and outstanding shares in Grandvision
against the offer price.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 01, 2021 13:00 ET (17:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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