PPU counsels HAL Investments in sale to EssilorLuxottica
PPU Chile has advised HAL Investments on the sale of its shareholding in GrandVision to EssilorLuxottica
Philippi Prietocarrizosa Ferrero DU & Uría has counselled HAL Investments on the sale of its 76.72% stake in GrandVision N.V. to EssilorLuxottica S.A. The total sale price amounted to € 5.5 billion, resulting in a net capital gain of € 3.5 billion. As a result, HAL acquired the Chilean chain Rotter and Kraus, which operates 97 shops and has annual revenues of approximately 50 million euros.
This transaction was closed on 1 July and was valued at approximately $95 million US dollars. The Chilean and Dutch jurisdictions participated in the transaction, with Carey advising EssilorLuxottica, while Claro acted as advisor to GrandVision.
HAL is the Dutch investment subsidiary of HAL Holding N.V., an international investment company listed on the Amsterdam Stock Exchange through HAL Trust.
GrandVision is a Dutch distributor of optical components. With brands such as Grand Optical, Solaris, General Optica, Optica2000 or +Vision, the GrandVision group is one of the world’s leading optical retailer and controls more than 7,000 sales outlets in more than 40 countries.
EssilorLuxottica SA is a vertically integrated Italian-French multinational company based in Paris and founded in 2018 from the merger of the Italian Luxottica and the French Essilor. It is engaged in the design, production and marketing of ophthalmic lenses, optical equipment and prescription glasses and sunglasses. The company’s portfolio of owned and licensed brands includes Ray-Ban, Oakley, Michael Kors, Varilux, Crizal, Eyezen, Transitions, LensCrafters.
PPU’s team consisted of partners Ignacio Larraín (pictured right) and Guillermo Infante (pictured left), together with associates Nicolás Santana, Magdalena Munita, Catalina Montero and Macarena Gaitán.
