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EssilorLuxottica — M&A Activity 2009
Jun 17, 2009
1298_iss_2009-06-17_28bceda3-5683-4e7b-bd31-1c33faa93651.pdf
M&A Activity
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News Release
Essilor agrees to acquire a stake in WLC
Charenton-le-Pont, France (June 17, 2009, 6:30 a.m.) – Essilor International announced today that it has signed a share purchase agreement whereby it offered to acquire a significant ownership stake in the share capital of Wholesale Lens Corporation Ltd, a Croydon-based wholesaler of ophthalmic lenses. The agreement is subject to certain standard conditions precedent, including approval by the U.K. competition authorities. The acquisition is expected to be completed as soon as the approvals have been received.
Wholesale Lens Corporation Ltd had revenue of £8.4m in 2008 and will continue to be run as a standalone business.
Essilor International is the world leader in ophthalmic optical products, offering a wide range of lenses under the flagship Varilux® , Crizal® , Essilor® and Definity® brands to correct myopia, hyperopia, presbyopia and astigmatism. Essilor operates worldwide through 15 production sites, 293 lens finishing laboratories and local distribution networks.
The Essilor share trades on the Euronext Paris market and is included in the CAC 40 index. Codes and symbols: (ISIN: FR 0000121667; Reuters: ESSI.PA; Bloomberg: EI:FP).
Investor Relations and Financial Communications Véronique Gillet – Sébastien Leroy Phone: +33 (0)1 49 77 42 16 www.essilor.com