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    EL   FR0000121667

ESSILORLUXOTTICA

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EssilorLuxottica Ramps Up Grandvision Stake

09/08/2021 | 12:40am EDT

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

09-08-21 0240ET

Stocks mentioned in the article
ChangeLast1st jan.
ESSILORLUXOTTICA 0.57% 167.96 Real-time Quote.30.93%
GRANDVISION N.V. 0.00% 28.4 Real-time Quote.11.37%
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Analyst Recommendations on ESSILORLUXOTTICA
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Financials
Sales 2021 19 760 M 23 004 M 23 004 M
Net income 2021 1 866 M 2 172 M 2 172 M
Net Debt 2021 8 858 M 10 312 M 10 312 M
P/E ratio 2021 38,2x
Yield 2021 1,45%
Capitalization 74 071 M 86 189 M 86 231 M
EV / Sales 2021 4,20x
EV / Sales 2022 3,62x
Nbr of Employees 144 888
Free-Float 63,8%
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EssilorLuxottica Technical Analysis Chart | EL | FR0000121667 | MarketScreener
Technical analysis trends ESSILORLUXOTTICA
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 167,96 €
Average target price 174,13 €
Spread / Average Target 3,67%
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Managers and Directors
Francesco Milleri Chief Executive Officer & Non-Independent Director
Stefano Grassi Co-Chief Financial Officer
David Wielemans Co-Chief Financial Officer
Leonardo del Vecchio Executive Chairman
Jean Carrier-Guillomet Co-Chief Operating Officer
Sector and Competitors