EssilorLuxottica and GrandVision enter into an agreement with ORIG BENE, a member of MPG Austria, for the sale of stores in the Netherlands and Belgium EssilorLuxottica and GrandVision enter into an agreement with ORIG BENE, a member of MPG Austria, for the sale of stores in the Netherlands and Belgium Charenton-le-Pont, France, Schiphol, the Netherlands and Graz, Austria (23 December 2021 – 7:30 pm CET) – EssilorLuxottica, GrandVision and the Optic Retail International Group BENE, a member of MPG Austria (“ORIG/MPG”), announced today that they have entered into an agreement for ORIG/MPG...
Final results of EssilorLuxottica’s public offer for GrandVision shares Final results of EssilorLuxottica’s public offer for GrandVision shares Following the Post-Acceptance Period that ended on December 20, the Offeror will hold in total approximately 99.84% of the issued share capital of GrandVisionSettlement of the Shares tendered during the Post-Acceptance Period will take place on 23 December 2021The last trading date of the Shares on Euronext Amsterdam will be on 7 January 2022 and listing and trading of the Shares will terminate as of 10 January 2022The Offeror will initiate st...
EssilorLuxottica and GrandVision enter into an agreement with Vision Group for the sale of stores in Italy EssilorLuxottica and GrandVision enter into an agreement with Vision Group for the sale of stores in Italy Charenton-le-Pont, France, Milan, Italy and Schiphol, The Netherlands (17 December 2021 – 8 am CET) - EssilorLuxottica, GrandVision and Vision Group, one of the largest distribution networks for Italian opticians and a retail player under the VisionOttica banner, announced today that the companies have entered into an agreement for Vision Group to acquire the VistaSì chain in Ita...
GrandVision enters agreement to acquire Swedish optical retailer Smarteyes GrandVision enters agreement to acquire Swedish optical retailer Smarteyes Schiphol, the Netherlands - 15 December 2021. Today, GrandVision N.V. (Euronext: GVNV) and Synoptik Foundation announce that they together have entered into an agreement with Mellby Gård AB to acquire the Swedish optical chain Smarteyes through their subsidiary Synoptik A/S. The closing of the transaction is subject to customary regulatory approvals. Smarteyes was founded in 2007 and by the end of 2020 operated 87 stores, located in ...
Delisting of GrandVision on 10 January 2022 Delisting of GrandVision on 10 January 2022 Settlement of the Offer took place on 8 December 2021 Post-Acceptance Period will end on 20 December 2021 The last trading date of the Shares on Euronext Amsterdam will be on 7 January 2022 and listing and trading of the Shares will terminate as of 10 January 2022 The Offeror will initiate statutory buy-out proceedings in order to obtain 100% of the Shares Charenton-le-Pont, France and Schiphol, the Netherlands (13 December 2021 – 6:00pm] CET) – EssilorLuxottica S.A. (the “Offe...
Results of EssilorLuxottica’s mandatory public offer for GrandVision shares Results of EssilorLuxottica’s mandatory public offer for GrandVision shares • Acceptance Period ended 3 December 2021 (at 17:40 hours CET)• 13.06% of the Shares have been tendered under the Offer during the Acceptance Period• Including the 86.67% of the Shares already held by the Offeror, the Offeror will hold a total interest of 99.73%• Settlement of the Offer will take place on 8 December 2021, at which date the Offer Price of Euro 28.42 per Share will be paid• Remaining Shares can be tendered during the Post...
The general evaluation of GRANDVISION (NL), a company active in the Specialty Retailers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date November 26, 2021, the closing price was EUR 28.35 and...
GrandVision reports strong comparable revenue growth in 3Q21 of 5.8% versus 3Q20 GrandVision reports strong comparable revenue growth in 3Q21 of 5.8% versus 3Q20 Schiphol, the Netherlands – 28 October 2021. GrandVision N.V. publishes its Third Quarter and Nine Months 2021 results. Due to the exceptional nature of the year 2020, GrandVision (the "Company") is also including comparisons versus 2019 in this press release. Third quarter and nine months 2021 highlights GrandVision’s 3Q21 comparable revenue grew by 5.8% compared to 3Q20 and 10.0% versus 3Q19 at 2019 exchange rates exclu...
EssilorLuxottica launches recommended mandatory public offer for GrandVision shares EssilorLuxottica launches recommended mandatory public offer for GrandVision shares Charenton-le-Pont, France and Schiphol, The Netherlands (October 7, 2021 – 8:30pm CEST) - With reference to the press release by EssilorLuxottica S.A. (the “Offeror”) of 1 July 2021 announcing the completion of the acquisition by the Offeror of a 76.72% ownership interest in GrandVision N.V. (“GrandVision”) from HAL Optical Investments, a wholly-owned subsidiary of HAL Holding, the Offeror and GrandVision today j...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
GrandVision reports strong 2Q and HY21 results with revenue and adj. EBITA acceleration GrandVision reports strong 2Q and HY21 results with revenue and adj. EBITA acceleration Schiphol, the Netherlands – 6 August 2021. GrandVision N.V. publishes its Second Quarter and Half Year 2021 results. Due to the exceptional nature of the year 2020, GrandVision (the "Company") is also including comparisons versus 2019 in this press release. Second quarter and half year 2021 highlights Comparable revenue in the second quarter progressively returning to pre-pandemic levels at -1.2% versus 2019. In Jun...
Transaction between HAL and EssilorLuxottica closed Transaction between HAL and EssilorLuxottica closed Schiphol, The Netherlands, 1 July 2021. GrandVision (Euronext: GVNV) announces today that the transaction between EssilorLuxottica SA (Euronext: EL) and HAL for the sale of HAL’s 76.72% interest in GrandVision (the “Transaction”) for a price equal to €28.42 per share has closed. Stephan Borchert, CEO of GrandVision, commented “With the Transaction between HAL and EssilorLuxottica completed, we are excited to lead GrandVision into a new chapter and to welcome EssilorLuxottica as our new ...
GrandVision takes note of EssilorLuxottica's decision to close the transaction with HAL on 1 July 2021 GrandVision takes note of EssilorLuxottica's decision to close the transaction with HAL on 1 July 2021 Schiphol, The Netherlands – 29 June 2021 Today, GrandVision (Euronext: GVNV) has taken note of the press release issued by EssilorLuxottica SA (Euronext: EL), announcing its decision to complete the acquisition of HAL’s 76.72% interest in GrandVision on 1 July 2021 as per the terms and conditions of the agreement entered into on 30 July 2019, including a price of EUR 28.42 per share. F...
Update on arbitration proceedings between EssilorLuxottica and GrandVision Update on arbitration proceedings between EssilorLuxottica and GrandVision Schiphol, The Netherlands, 21 June 2021. Today, the arbitral tribunal in the proceedings GrandVision (Euronext: GVNV) and HAL initiated against EssilorLuxottica (Euronext: EL) on 30 July 2020 has declared by majority that GrandVision has breached its obligations under the Support Agreement it had entered into in connection with the sale of HAL’s 76.72% interest in GrandVision to EssilorLuxottica (the “Transaction”). GrandVision is disappoint...
GrandVision announces that all regulatory approvals for closing of the transaction between EssilorLuxottica and HAL have been obtained Schiphol, The Netherlands, 10 June 2021. GrandVision (Euronext: GVNV) confirms that today the Turkish competition regulator (Rekabet Kurumu) has cleared the transaction between EssilorLuxottica SA (Euronext: EL) and HAL for the sale of HAL’s 76.72% interest in GrandVision (the “Transaction”). This clearance is effective immediately. As part of the clearance process, EssilorLuxottica has committed to a number of behavioral remedies. With the conditional...
GrandVision's Annual General Meeting (AGM) 2021 adopts all resolutions GrandVision's Annual General Meeting (AGM) 2021 adopts all resolutionsSchiphol, the Netherlands - 23 April 2021. GrandVision N.V. (Euronext: GVNV) announced today that its Annual General Meeting (AGM) has approved all resolutions on the agenda of the AGM. The adopted resolutions are listed below:• Adoption of the Annual Accounts for the financial year 2020 as drawn up by the Management Board and signed by the Managing Directors and the Supervisory Directors on 25 February 2021• Advisory vote on the approval of the remune...
Basic-Fit: A war chest to return to rapid growth EXMAR: Small loss in 1Q21 with no major news Galapagos: Filgotinib filed for UC approval in Japan GrandVision: Interesting margin development despite lockdown Recticel: Preview 1Q trading update: sales estimate +2.2% UCB: Minor zilucoplan setback Umicore: Forecasts upped following guidance surprise
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