Luxottica Group S.p.A. plans to make a public offer to acquire up to an additional 20% of the equity shares of RayBan Sun Optics India Ltd. through the Group's subsidiary, Ray Ban Indian Holdings, Inc. RayBan Sun Optics India Ltd. is a company listed on the Bombay Stock Exchange, where it trades under the scrip code 500044.
Should the offer be fully accepted, Luxottica Group's indirect holdings in RayBan Sun Optics India Ltd. would increase to approximately 64%, from its current 44% stake. The Group gained its interest in RayBan Sun Optics India Ltd. in connection with the acquisition of the Ray-Ban eyewear business from Bausch & Lomb in 1999.
Luxottica Group indicated that the maximum expected investment related to this offer would be approximately euro 11 million, including incremental interest to be paid to certain continuing shareholders. These amounts would have no material financial impact on the Group.
