×
320
Fashion Jobs
LIFE TURN MANAGEMENT CONSULTANT
sr. Manager Production - Sricity, Tada - Mnc Company - Engineering Ind
Permanent · Tada
MCKENZIE
Hiring For Retail Store Merchandiser / Manager
Permanent · Chennai
V2B GLOBAL CONSULTANTS
sr Technician Apparel -Buying Office
Permanent · Gurugram
MANPOWERGROUP SERVICES INDIA
Opening || Horeca Sales Manager || Kolkata
Permanent · Kolkata
ADIDAS
Senior Product Owner - Machine Learning & ai
Permanent · GURUGRAM
ADIDAS
Senior Technology Consultant - Omnichannel
Permanent · GURUGRAM
PUMA
Manager- Warehouse (B2C)
Permanent · Bengaluru
HARMAN FINOCHEM
sr. Manager- Api Production For Srp With Leading Pharma @ Aubad
Permanent · Aurangabad
PNB HOUSING
Area Sales Manager
Permanent · Thane
PNB HOUSING
Area Sales Manager
Permanent · Pune
JM FINANCIAL HOME LOANS LTD
Area Sales Manager - Home Loans
Permanent · Chennai
DANIEL WELLINGTON
IT Support Specialist
Permanent · MUMBAI
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Karaikal
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Thiruvarur
DBS BANK
Hiring For Area Sales Manager - Gold Loan
Permanent · Tirunelveli
AVANTOR
Area Sales Manager- Lab Consumables
Permanent · Pune
ADIDAS
Manager Brand Activation Originals
Permanent · GURUGRAM
ZACH LIFESTYLE PVT. LTD.
Manager - Content & Social Media
Permanent · MUMBAI
NEW ALFA INTERNATIONAL
Foundry Production Manager
Permanent · Dubai
MEDCIS PATHLABS
Medcis Pathlabs is Hiring For Pathology Area Sales Manager
Permanent · Visakhapatnam
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-b.Tech Fresher-German Mnc -Immediate Joining
Permanent · Bhubaneswar
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-Denmark Mnc - Medical Device or Hearing Aid
Permanent · Chennai
By
Reuters
Published
Feb 6, 2015
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Optician group Grandvision valued at 5 billion euros on open

By
Reuters
Published
Feb 6, 2015

AMSTERDAM, Holland - Shares in optician Grandvision started trading slightly higher than their offer price of 20 euros on Friday, valuing the retailer at around 5 billion euros ($5.7 billion/£3.7 billion).

The world's largest optical retailer, Grandvision has more than 5,600 stores in 43 countries in Europe, Latin America, the Middle East and Asia, trading under brands such as Vision Express in Britain and Apollo-Optik in Germany.

Photo: GrandVision


The shares were trading at 20.03 euros by 0810 GMT.

The company had last month set a price range on its shares of between 17.50 and 21.50 euros.

The float was originally planned for late last year but was postponed due to poor market conditions.

Opticians are attracting investor interest because of the growth opportunities offered by an ageing population. They are shielded from online competition by the need for an optician to conduct vision tests in person.

Parent HAL, an investment firm privately owned by the wealthy Dutch Van der Vorm family, sold shares worth around 20 percent of the company. It has offered a further 3 percent through an over-allotment option.

Curacao-based HAL had hoped to raise some 600 million euros from the sale.

ABN Amro and JP Morgan were joint global coordinators on the issue and Barclays, BNP Paribas and HSBC were bookrunners. ING and Rabobank were lead managers.

€1 = $1.15/£0.75
 

© Thomson Reuters 2023 All rights reserved.