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Luxottica Group SpA (LUX.MI)

LUX.MI on Milan Stock Exchange

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Tue, Jan 17 2017

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Luxottica's Del Vecchio says listing in both Italy and France still an option: report

The group created by the merger of Italy's Luxottica and France's Essilor will consider a listing in both Italy and France, as well as the United States, Luxottica founder Leonardo del Vecchio was quoted as saying on Tuesday.

UPDATE 1-Luxottica's Del Vecchio says listing in both Italy and France still an option - report

Jan 17 The group created by the merger of Italy's Luxottica and France's Essilor will consider a listing in both Italy and France, as well as the United States, Luxottica founder Leonardo del Vecchio was quoted as saying on Tuesday.

BRIEF-Luxottica's Del Vecchio says listing in both Italy and France still an option - report

Jan 17 Luxottica founder Leonardo del Vecchio says in an interview with Italian daily Corriere della Sera:

Luxottica and Essilor in 46 billion euro merger to create eyewear giant

MILAN/PARIS Italy's Luxottica and France's Essilor have agreed a 46 billion euro ($49 billion) merger to create a global eyewear powerhouse with annual revenue of more than 15 billion euros. | Video

Luxottica's merger helps Del Vecchio manage family risks

MILAN By sealing one of the biggest European merger deals of recent years, 81-year old spectacles tycoon Leonardo Del Vecchio has added another chapter to one of Italy's most legendary rags-to-riches stories.

NEWSMAKER-Luxottica's merger helps Del Vecchio manage family risks

MILAN, Jan 16 By sealing one of the biggest European merger deals of recent years, 81-year old spectacles tycoon Leonardo Del Vecchio has added another chapter to one of Italy's most legendary rags-to-riches stories.

UPDATE 5-Luxottica and Essilor in 46 bln euro merger to create eyewear giant

* Share prices of both companies rise sharply (Writes through, adds quotes, detail, background and analysts)

European stocks extend losses, Essilor and Luxottica surge on merger news. For more see the European equities LiveMarkets blog

LONDON, Jan 16 Live coverage of European markets now available on cpurl://apps.cp./cms/?pageId=livemarkets

Eyewear megadeal more corrective than visionary

LONDON (Reuters Breakingviews) - Luxottica and Essilor's plan to merge looks more corrective than visionary. The Italian eyewear group is backing a 50 billion euro union with the French lens-maker, and Luxottica founder Leonardo Del Vecchio is willing to cede control and some value to get the deal done. For the Italian group's other shareholders, that's probably a fair price for fixing governance issues, and perhaps selling more specs.

BRIEF-Essilor CEO says shared mission will prevent divergences at the top

* Essilor CEO Hubert Sagniers says timeframe for expected EBIT synergies is 3-4 years after closing of deal

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