By Inti Landauro

PARIS--French optical lens maker Essilor Monday said it would merge with Italian maker of eyewear frames Luxottica, creating a world giant. The combined market value of both companies was EUR46.3 billion ($49.16 billion) according to Friday share prices.

Write to Inti Landauro at inti.landauro@wsj.com

(END) Dow Jones Newswires

January 16, 2017 01:34 ET (06:34 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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