By Mauro Orru

EssilorLuxottica SA has acquired an additional stake in Dutch optical retailer Grandvision NV for about 480.36 million euros ($568.9 million).

The Franco-Italian eyewear company said late Tuesday that it had bought a stake of about 6.6%, bringing its total ownership of Grandvision to around 83.4%.

It paid EUR28.42 a share for about 16.9 million Grandvision shares.

EssilorLuxottica completed the acquisition of a 76.72% stake in Grandvision from HAL Optical Investments in July, and committed to buying out all remaining shares and delist Grandvision from Euronext Amsterdam.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

September 08, 2021 02:40 ET (06:40 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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