Bpifrance’s strategic fund takes a stake in EssilorLuxottica

Posted on Feb 24, 2019 2021 at 20:18Updated 24 Feb. 2021 at 22:09

Three months after taking a stake in the chemicals company Arkéma, Bpifrance announced on Wednesday evening its entry into the capital of EssilorLuxottica through its new strategic fund, Lac1. ” This investment is fully in line with the Lac1 fund’s strategy to get involved alongside companies with a strong potential for value creation and attentive to societal issues. The public bank said in a statement.

Bpifrance did not specify the percentage of ownership. ” Lac1’s investment in the group’s capital, as well as the quality of discussions with its managers, have enabled Bpifrance to be associated with governance, which is the objective of the Lac1 fund. », Said a spokesperson. José Gonzalo, executive director of development capital of Bpifrance, will be proposed to the board of directors at the next general assembly of the optical group, scheduled for March.

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