Deal with Google impels Luxottica shares

april 7, 2014

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Luxottica shareholders should be very happy with the deal the company recently reached with Google. Since the announcement the price of the shares increased with about 3 euro from 39 to somewhere around 42 euro. For Luxottica it means an appreciation with a dazzling 1,5 billion euro. Delfin, major shareholder with still 61,35% of the shares and controlled by founder Leonardo del Vecchio, gained almost 1 billion euro in only a few weeks. Interesting figures which show the enormous impact of decisions at the top of the market. Optics have become real big business for the major players!

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