EssilorLuxottica confirms discussions to purchase ownership interest in GrandVision

EssilorLuxottica confirms it is having discussions to purchase the 76.72% ownership interest in GrandVision N.V. of HAL Holding N.V. No agreement has yet been reached and no assurance can be provided that these discussions will lead to such an agreement. In addition, completion of the transaction would be subject to customary conditions precedent including approval by regulatory authorities in various jurisdictions.
The purchase price per share indicatively discussed among the parties to date is Euro 28.00 per share. The terms of the potential transaction, including with respect to price, will be subject to continued evaluation and discussion during the coming weeks and further review by the parties’ boards of directors.