21.06.21 Corporate

Update on arbitration proceedings between EssilorLuxottica and GrandVision

Schiphol, The Netherlands, 21 June 2021. Today, the arbitral tribunal in the proceedings GrandVision (Euronext: GVNV) and HAL initiated against EssilorLuxottica (Euronext: EL) on 30 July 2020 has declared by majority that GrandVision has breached its obligations under the Support Agreement it had entered into in connection with the sale of HAL’s 76.72% interest in GrandVision to EssilorLuxottica (the “Transaction”).

 

Please find below the full and original version of the press release.

 

 

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