GrandVision completes acquisition of additional 30% stake in Visilab
(Thomson Reuters ONE) -
Schiphol, the Netherlands - 2 October 2017. GrandVision N.V. has today completed
the increase of its shareholding in Visilab S.A., from 30% to 60%.
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.
Visilab will be consolidated in GrandVision's financial statements and reported
in the "Other Europe" segment as of 2 October 2017.
GrandVision has been a shareholder in the company since 2007. As part of this
agreement, the parties have agreed that GrandVision's shareholding will
increase, in two steps, to 79% in 2019.
GrandVision Visilab press release:
http://hugin.info/167729/R/2138690/818700.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 N.V. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 02.10.2017 - 17:45 Uhr
Sprache: Deutsch
News-ID 562096
Anzahl Zeichen: 1289
contact information:
Town:
Schiphol
Kategorie:
Business News
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