GrandVision to increase shareholding in Visilab S.A.
(Thomson Reuters ONE) -
Schiphol, the Netherlands - 1 September 2017. GrandVision NV has entered into an
agreement to increase its shareholding in Visilab S.A., from 30% to 60%.
GrandVision has been a shareholder in the company since 2007.
Visilab, a leading optical retailer in Switzerland, was founded in 1988 and
operates 98 stores across the country. Visilab reported 2016 net revenues of
173 million CHF and has more than 900 employees.
The transaction, which is subject to customary closing conditions, is expected
to be completed in the fourth quarter of 2017. Visilab will be consolidated in
GrandVision's financial statements and reported in the "Other Europe" segment.
As part of this agreement, the parties have agreed that GrandVision's
shareholding will increase, in twosteps, to 79% in 2019.
GrandVision Visilab press release:
http://hugin.info/167729/R/2130985/814161.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: GrandVision nv via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 01.09.2017 - 17:45 Uhr
Sprache: Deutsch
News-ID 558560
Anzahl Zeichen: 1403
contact information:
Town:
Schiphol
Kategorie:
Business News
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