Nikon shares jump 21% as Essilor Luxottica weighs boosting stake


Nikon shares jump 21% as Essilor Luxottica weighs boosting stake:

“Nikon Corp.’s shares surged 21% after Bloomberg reported that Essilor Luxottica SA, the maker of Ray-Ban sunglasses, is exploring a potential deal to increase its stake in the Japanese optical equipment manufacturer.

The Franco-Italian company is considering a move to boost its Nikon stake to around 20%, people familiar with the matter said. They asked not to be identified because the information is private. It currently has a nearly 9% holding in Nikon, according to data compiled by Bloomberg.”

Last year, Essilor Luxottica took a 5.1% stake in Nikon:

Ray-Ban parent company Essilor Luxottica takes 5.1% stake in Nikon

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