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PPG Sells Stake in Lenses JV to Essilor in $1.73 Billion Cash Deal



7/29/2013 7:25:30 AM

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Essilor International will become the sole owner of Transitions Optical as part of an agreement with PPG Industries. The deal calls for PPG (NYSE: PPG) to divest its 51 percent interest in Transitions to Essilor, which currently holds a 49 percent stake in the joint venture, a statement said. Essilor is headquartered in France.

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