March 23, 2017 / 5:14 PM / 5 months ago

BRIEF-Proposed combination of Essilor and Luxottica is progressing

March 23 (Reuters) - Essilor SA:

* Proposed combination of Essilor and Luxottica progressing

* Transfer by Essilor International of its activities and shareholdings to its fully-owned subsidiary, Delamare Sovra, to be renamed Essilor International

* Contribution by Delfin of all its shares in Luxottica (62.55%) in exchange for new shares issued by Essilor, based on an exchange ratio of 0.461 Essilor share for one Luxottica share

* Filing and registration with AMF, by April 10, 2017 at latest, of information document describing rationale for transaction as well as main principles of combination agreement Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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