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 firstname.lastname@example.org; @MauroOrru94
(END) Dow Jones Newswires