November 27, 2012 / 7:16 PM / 5 years ago

Luxottica to take minority stake in Salmoiraghi & Vigano

MILAN, Nov 27 (Reuters) - Italy’s Luxottica, the world’s biggest premium eyewear maker, will spend 45 million euros to become a minority shareholder in optical retailer Salmoiraghi & Vigano.

In a statement Luxottica said it had reached an agreement to buy new shares in Salmoiraghi & Vigano that will give it a 36 percent stake in the retailer.

Under the agreement, Luxottica and Salmoiraghi will have the right as of 2017 to exercise a call option to buy the shares both companies do not own. (Reporting by Antonella Ciancio, editing by Stephen Jewkes)

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