QUOTATIONS
Luxottica Group
The EssilorLuxottica Board of Directors has approved the completion of the acquisition of 76.72% of GrandVision held by HAL. This is what emerges from the company’s press release, with which EssilorLuxottica announces its decision to proceed with the acquisition of 76.72% of GrandVision at a price of 28.42 euros per share, as envisaged in the agreements signed on 30 July 2019. completion of the acquisition will arrive on 1 July 2021, under the terms and conditions set out in the agreements signed on 30 July 2019.
“After evaluating all the options available to us, we have decided to complete the operation without further delay. The strategic rationale behind the operation remains strong and intact and, after two years of commitment and relentless work, we are now ready to turn the page and start a new chapter in the history of EssilorLuxottica with GrandVision. We will leverage the knowledge and experience gained over the years to ensure that GrandVision and its 37,000 talented people can become part of EssilorLuxottica. Retail has returned to growth after the pandemic and we therefore believe that this is the perfect time to expand our network of stores in order to interact more effectively with consumers and thus increase the exposure and quality of the entire sector. . This will benefit all stakeholders, including customers who remain at the heart of our strategies, ”said Francesco Milleri and Paul du Saillant, respectively CEO and Deputy CEO of EssilorLuxottica.