Luxottica and Essilor in 45-billion euro merger deal to create eyewear giant

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http://www.cnbc.com/2017/01/15/luxottica-essilor-in-45-billion-euro-merger-deal-to-create-eyewear-giant-source.html

Italy’s Luxottica and France’s Essilor have agreed a 45-billion euro merger deal to create a global powerhouse in the eyewear industry, a source with knowledge of the matter said.

The deal, one of Europe’s largest cross-border tie-ups, is expected to be announced before the market opens on Monday. It will see Luxottica’s 81-year old founder Leonardo Del Vecchio take a 31 percent stake in the merged group through his family holding Delfin, the source said.

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another global powerhouse created..consolidation continues..

401

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~ by seeker401 on January 20, 2017.

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