An eye for a good deal: HAL sells GrandVision to EssilorLuxottica

Dutch private equity group HAL is selling its majority stake in opticians group GrandVision to French-Italian company EssilorLuxottica. EssilorLuxottica is paying €28 a share for HAL’s 76.7% stake in the group, which includes the Eyewish and Pearle high street chains. The company will also make a public offer for the remaining shares, which are currently traded on the Amsterdam stock exchange, once the HAL sale has been concluded. The takeover marks the next step in the consolidation of the European...