Luxottica undertakes to acquire 90.9% of Fedon
Luxottica Group S.p.A. (“Luxottica”), a company subject to the management and coordination of EssilorLuxottica S.A., announced today that it has entered into a preliminary sale and purchase agreement for the acquisition of a total of no. 1,727,141 shares of the company Giorgio Fedon & Figli S.p.A. (“Issuer” or “Company”), listed on Euronext Growth Milan, the market organized and managed by Borsa Italiana S.p.A., representing 90.9% of the share capital of the Company (“Agreement”).
The Agreement was entered into with the relevant shareholders of the Company (i.e. CL & GP S.r.l., Piergiorgio Fedon, Sylt S.r.l., Italo Fedon, Laura Corte Metto, Francesca Fedon, Roberto Fedon, Flora Fedon, and Rossella Fedon), as well as other non-relevant shareholders (hereinafter collectively the “Sellers”).
The transaction represents a step forward in EssilorLuxottica’s vertical integration strategy, aimed at achieving the highest quality standards along the entire value chain and optimizing the service for the benefit of all industry players.
