EssilorLuxottica holds 99.84% of GrandVision following its tender offer

EssilorLuxottica announces that at the end of the post-acceptance period, which ended yesterday, Monday, December 20, 254,031,577 GrandVision shares were tendered in the offer.

EssilorLuxottica now owns 99.84% of the shares of GrandVision, the Dutch optical retailer. GrandVision’s shares will have their last trading session on Euronext Amsterdam on January 7 and their listing will end on January 10, 2022.

EssilorLuxottica states in a release that “Including the 99.73% of the share capital already held by the Bidder, the Bidder will hold a total of 254,031,577 Shares, representing approximately 99.84% of the issued Shares in the share capital of GrandVision. This corresponds to approximately 99.89% of the issued and outstanding shares in the capital stock of GrandVision.”

After attempting to renegotiate the initial price downward, EssilorLuxottica announced in early summer that the original agreement would be honored. The group therefore acquired 76.7% of GrandVision on July 1, since which date GrandVision has been consolidated in EssilorLuxottica’s accounts.

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Featured photo : © Luxottica

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Hélène Cougot

Passionnée depuis son plus jeune âge par l’art et la mode, Hélène s’oriente vers une école de stylisme, l’Atelier Chardon-Savard à Paris, avec une option Communication. Afin d’ajouter des cordes à son arc, elle décide de compléter sa formation par un MBA en Management du Luxe et Marketing Expérientiel à l’Institut Supérieur de Gestion à Paris dont elle sort diplômée en 2020. Elle a notamment écrit des articles lifestyle et beauté pour le magazine Do it in Paris et se spécialise en rédaction d’articles concernant le luxe, l’art et la mode au sein du magazine Luxus Plus.********** [EN] Passionate about art and fashion from a young age, Hélène went to a fashion design school, Atelier Chardon-Savard in Paris, with a Communication option. In order to add more strings to her bow, she decided to complete her education with an MBA in Luxury Management and Experiential Marketing at the Institut Supérieur de Gestion in Paris from which she graduated in 2020. She has written lifestyle and beauty articles for Do it in Paris magazine and specializes in writing articles about luxury, art and fashion for Luxus Plus magazine.