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.
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(END) Dow Jones Newswires