EssilorLuxottica : EssilorLuxottica announces decision to close acquisition of GrandVision on 1st July 2021 in accordance wit...
29 Juni 2021 - 7:00PM
EssilorLuxottica : EssilorLuxottica announces decision to close
acquisition of GrandVision on 1st July 2021 in accordance with the
terms and conditions of the agreements signed on 30 July 2019
EssilorLuxottica
announces decision
to close
acquisition of
GrandVision on
1st July 2021 in
accordance with the terms and
conditions of the agreements signed on 30 July 2019
- EssilorLuxottica Board of
Directors approves completion of
acquisition of HAL’s 76.72%
interest in GrandVision
- EssilorLuxottica announces
its decision to proceed with the
acquisition of HAL’s 76.72% interest in
GrandVision at
the price of Euro
28.42 per share
as per the agreement entered on 30 July 2019
Charenton-le-Pont,
France (June
29,
2021 –
7:00 pm)
– Following the approval by its Board of Directors,
EssilorLuxottica today announces its decision to complete the
acquisition of HAL’s 76.72% interest in GrandVision on 1st July
2021 as per the terms and conditions of the agreement entered into
on 30 July 2019.
“After assessing all our options, we have made
the decision to proceed with the completion of the deal without
further delay. The strategic rationale of the transaction remains
strong and unchanged, and after two years of efforts and relentless
work, we are now ready to turn a page and start a new chapter of
EssilorLuxottica’s history, with GrandVision. In doing so, we will
use the learnings and experience gathered over the past years to
ensure GrandVision and its 37,000 talented employees are integrated
successfully. As the industry returns to growth following the
pandemic, we believe this is the perfect time to expand our retail
network, so that we can engage more effectively with consumers and
thus raise the visibility and quality of the entire industry. This
will benefit all stakeholders, including our customers to whom we
remain fully committed”, said Francesco Milleri and Paul du
Saillant, respectively CEO and Deputy CEO of EssilorLuxottica.
EssilorLuxottica is a global leader in the
design, manufacture and distribution of ophthalmic lenses, frames
and sunglasses. Formed in 2018, its mission is to help people
around the world to see more, be more and live life to its fullest
by addressing their evolving vision needs and personal style
aspirations. The company brings together the complementary
expertise of two industry pioneers, one in advanced lens technology
and the other in the craftsmanship of iconic eyewear, to set new
industry standards for vision care and the consumer experience
around it. Influential eyewear brands including Ray-Ban and Oakley,
lens technology brands including Varilux® and Transitions®, and
world-class retail brands including Sunglass Hut and LensCrafters
are part of the EssilorLuxottica family. In 2018, EssilorLuxottica
had nearly 150,000 employees and pro forma consolidated revenues of
Euro 16.2 billion. The EssilorLuxottica share trades on the
Euronext Paris market and is included in the Euro Stoxx 50 and CAC
40 indices. Codes and symbols: ISIN: FR0000121667; Reuters:
ESLX.PA; Bloomberg: EL:FP.
CONTACTSHead of
Investor Relations
Head of Corporate CommunicationsGiorgio
Iannella
Marco Catalanie-mail:
ir@essilorluxottica.com
e-mail: media@essilorluxottica.com
- DOWNLOAD PDF VERSION OF THE NEWS RELEASE
Essilorluxottica (BIT:1EL)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Essilorluxottica (BIT:1EL)
Historical Stock Chart
Von Apr 2023 bis Apr 2024