GrandVision announces carve-out of Rotter Y Krauss as part of Chilean market regulator approval for transaction between Essil...
12 Aprile 2021 - 7:30AM
GrandVision announces carve-out of Rotter Y Krauss as part of
Chilean market regulator approval for transaction between
EssilorLuxottica and HAL
GrandVision announces carve-out of Rotter Y Krauss as
part of Chilean market regulator approval for transaction
between EssilorLuxottica and HAL
Schiphol, The Netherlands, 12 April 2021.
GrandVision N.V. (Euronext: GVNV) confirms that on Friday 9 April
2021, the Chilean market regulator FNE (Fiscalía Nacional
Económica) has cleared the transaction between EssilorLuxottica and
HAL for the sale of HAL’s 76.72% interest in GrandVision (the
“Transaction”) following the commitment to divest GrandVision’s
Chilean operations operating under the banner Rotter Y Kraus.
GrandVision’s Chilean operations will be sold to HAL in accordance
with the terms of the block trade agreement entered into by HAL and
EssilorLuxottica on 30 July 2019 in respect of the Transaction.
The carve-out is subject to and will close simultaneously with
the closing of the Transaction.
The Transaction has been unconditionally cleared in Brazil,
Colombia, Mexico, Russia and the United States and conditionally
cleared in the EU and Chile. It is still under review in
Turkey.
GrandVision continues to support EssilorLuxottica with the
shared objective to obtain regulatory approval to close the
Transaction before 31 July 2021. After the Transaction has been
closed, EssilorLuxottica will launch a mandatory cash public offer
for all outstanding shares in the Company, in accordance with the
applicable Dutch public offer rules.
- GrandVision Press Release