Delfin to Sell About 7 Percent of Luxottica Outstanding Ordinary Shares
|September 6, 2012 12:20 AM
MILAN—Delfin S.à r.l., a Luxembourg-based company controlled by Leonardo Del Vecchio, founder and chairman of the board of directors of
Luxottica Group S.p.A. has authorized the sale of approximately 33 million Luxottica ordinary shares (corresponding to approximately 7 percent of the outstanding ordinary shares) through an accelerated book built offering to institutional investors, Luxottica announced yesterday.
Goldman Sachs International is acting as sole bookrunner for the sale, with book building to begin immediately.
Commenting on the transaction, Del Vecchio stated, “Luxottica has consistently been ranked as a top-quality company. Since its founding in 1961, Luxottica, with its leadership in the eyewear industry, has demonstrated a clear vision of the market and an ability to transform ideas into best practices. This sale of Luxottica ordinary shares is intended to enhance the trading liquidity of Luxottica’s listed shares in response to feedback from investors who have been following the success of Luxottica over the years.”
Del Vecchio added, “Delfin remains fully committed, as the majority shareholder, to ensuring Luxottica’s stability and long-term growth, which is its core DNA, and it is not contemplating any additional sale following the completion of this offering.”
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