Last week the Essilor Board of Directors took steps to finalize its merger with Luxottica through some business stuff that kept a bunch of European lawyers busy. This stuff included transferring nearly all the company’s shareholdings and activities to a subsidiary that will be renamed Essilor International. Meanwhile, the holding company for the Del Vecchio family, which controls Luxottica, transferred its shares to Essilor International. The merged company will be listed on the Euronext Paris exchange under the descriptive but unimaginative name EssilorLuxottica. The Board of Directors for the new company was also named.
Essilor has announced that more merger-related business stuff is in the works. You can read all the details here if that sort of thing appeals to you.