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    EL   FR0000121667

ESSILORLUXOTTICA

(EL)
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EssilorLuxottica Completes Acquisition of Grandvision Stake

07/01/2021 | 11:00am EDT

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.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

07-01-21 1300ET

Stocks mentioned in the article
ChangeLast1st jan.
ESSILORLUXOTTICA -2.37% 169.6 Real-time Quote.36.20%
GRANDVISION N.V. -0.18% 28.35 Real-time Quote.11.37%
HAL TRUST -0.26% 151.8 Real-time Quote.32.13%
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Analyst Recommendations on ESSILORLUXOTTICA
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Financials
Sales 2021 19 874 M 23 324 M 23 324 M
Net income 2021 1 915 M 2 247 M 2 247 M
Net Debt 2021 7 875 M 9 242 M 9 242 M
P/E ratio 2021 38,9x
Yield 2021 1,40%
Capitalization 76 536 M 89 821 M 89 820 M
EV / Sales 2021 4,25x
EV / Sales 2022 3,68x
Nbr of Employees 144 888
Free-Float 63,6%
Chart ESSILORLUXOTTICA
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EssilorLuxottica Technical Analysis Chart | EL | FR0000121667 | MarketScreener
Technical analysis trends ESSILORLUXOTTICA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 173,72 €
Average target price 173,19 €
Spread / Average Target -0,31%
EPS Revisions
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