EssilorLuxottica S.A. today announces an agreement with Hal Optical Investments B.V., a wholly-owned subsidiary of HAL Holding N.V, for the sale of HAL’s 76.72% ownership interest in GrandVision N.V., a global leader in optical retail. Under the Block Trade Agreement, EssilorLuxottica will buy HAL’s shares for a price of Euro 28 per share, to be increased by 1.5% to Euro 28.42 if closing of the Transaction does not occur within 12 months from the announcement date.
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