EssilorLuxottica now controls 93.31% of Luxottica's shares



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Milan (awp / afp) – One gave me a world of EssilorLuxottica eyewear and ophthalmology goggles, disastrous control to 93.31% of the shares of the Italian group Luxottica, announced Wednesday, in the US. issuance of a new offer.

Delfin, the participation of Leonardo Del Vecchio, the founder of Luxottica, on October 1 at Essilor sa, in Luxottica, accounted for 62.42% of the capital of the Italian team.

EssilorLuxottica was then launched on October 29 to offer a publication of Italian exchanges under the outstanding shares outstanding, which ended on Wednesday.

EssilorLuxottica was able to recover 81.58% of the shares of Luxottica remaining in circulation and allowing the dismantling of 93.31% of the capital, as indicated in a press release.

Luxottica is preparing to take steps for the Milan Stock Exchange.

The stylist Giorgio Armani, Luxottica's historic shareholder with 4.64% stake, in addition to the offer, I entrust you about 2% of the new group.

Essilor and Luxottica on the first merger of October 1st, giving birth to a world of glasses and ophthalmic vists.

EssilorLuxottica will tend to receive the first general meeting, during which it will raise issues for future governance.

The group is currently jointly created by Mr. Del Vecchio, President and CEO of EssilorLuxottica, and by Hubert Sagnières, Vice President and Chief Executive Officer of EssilorLuxottica and elsewhere, CEO Essilor.

The young man received a general manager to study the structure and the sequence process was left in January and took a while.

But Mr. Del Vecchio, who lasted 83 years, I indicated in November that I had to propose "in an immutable way" to Bras Droit, Francesco Milleri, to become general manager, in the meantime, I would certainly activate the activities and ( where applicable) commander in the group strategy ".

Mr. Milleri is the Managing Director of Luxottica and the trusted man of Mr. Del Vecchio.

Essilor declined to comment on this surprise announcement.

It is certain that Luxottica is taking off Essilor South by telling Mr. Del Vecchio about 30% of the new entity. HSBC, which made a "risk of governance" on November 21, is advised by the group, made him spend "purchase" to "keep", with a price target falling to 128 euros, against 140 before

The new EssilorLuxottica complex generates annual sales of more than 16 billion euros and has nearly 150,000 salaries worldwide. This is the name of the Paris Stock Exchange on October 2nd.

afp / rp

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