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EssilorLuxottica has agreed to buy rival GrandVision in a €7.1bn deal that will underline the Franco-Italian group’s dominance as the world’s largest eyewear maker and retailer. --EssilorLuxottica SA is reconsidering its acquisition of Dutch optical retailer GrandVision NV amid concerns over the effects of the pandemic and a legal wrangle between the two companies, Bloomberg reports, citing unnamed sources. EssilorLuxottica intends to acquire full ownership in GrandVision to create a truly global eyecare and eyewear company. 31 July 2019: Add Files. We look forward to joining forces in what will be an exciting new chapter ahead.’. Update on the proposed acquisition of GrandVision by EssilorLuxottica. GrandVision NV surged for a second day after Ray-Ban sunglasses owner EssilorLuxottica SA began takeover talks in a deal that would value the smaller Dutch eyewear retailer at about 7.1 billion euros ($8 billion). GrandVision, which owns the Vision Express brand in the UK, was valued at €7.1bn. • Agreement to acquire HAL’s 76.72% stake in GrandVision The presentation should be read together with the press release dated July 31, 2019 available at www.essilorluxottica.com under the Investors tab. The shares held in treasury (0.31%) allow GrandVision to hedge price risks related to grants made under long-term incentive plans. EssilorLuxottica confirms GrandVision acquisition. Stibbe advises EssilorLuxottica S.A. on the acquisition of a 76.7% stake in Grandvision N.V. from HAL Holding N.V., which will be followed by a mandatory offer for all shares in the company, resulting in a total transaction value of more than EUR 7 billion. GrandVision Transaction Announcement Presentation 1.1 MB. After the acquisition from Hal is successfully completed, EssilorLuxottica will launch a mandatory cash public offer for all remaining shares in GrandVision. Following the Luxottica acquisition in 2018, EssilorLuxottica has now announced yet another acquisition - GrandVision - to be completed in 12-24 months. HAL holds large stakes in listed and non-listed companies, with GrandVision its largest holding, and has a market value of more than 11 billion euros. Charenton-le-Pont, France, February 6, 2020 – EssilorLuxottica S.A. and GrandVision N.V. today confirm that the European Commission has initiated a Phase II review of the proposed acquisition of GrandVision by EssilorLuxottica.. EssilorLuxottica S.A. and GrandVision N.V. today confirm that the European Commission has initiated a Phase II review of the proposed acquisition of GrandVision EssilorLuxottica intends to acquire full ownership in GrandVision to create a truly global eyecare and eyewear company. Have a confidential tip for our reporters? EssilorLuxottica Takes Acquisition Target to Court The eyewear giant wants information on how GrandVision has managed during the crisis. Charenton-le-Pont, France, February 6, 2020 – EssilorLuxottica S.A. and GrandVision N.V. today confirm that the European Commission has initiated a Phase II review of the proposed acquisition of GrandVision by EssilorLuxottica. EssilorLuxottica S.A. and GrandVision N.V. today confirm that the European Commission has initiated a Phase II review of the proposed acquisition of GrandVision by EssilorLuxottica. Schiphol, the Netherlands - 6 February 2020. Eyewear giant EssilorLuxottica SA may buy smaller Dutch retailer GrandVision NV, further expanding the French-Italian company’s global reach. EssilorLuxottica, the lenscrafter behind Ray-Ban, Oakley, and 30+ other glasses brands, reportedly could abandon its $8.8 billion acquisition of eyewear retailer GrandVision.. How we got here: EssilorLuxottica first revealed plans to buy the majority stake in GrandVision in summer 2019, or twenty light years ago, to expand its global footprint. 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