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Essilor to Spend $1.2 Billion on Global Eyewear Deals

Essilor International SA, the world’s biggest maker of eyeglass lenses, may spend as much as 1 billion euros ($1.2 billion) next year on acquisitions globally as it expands into emerging markets.

Essilor will focus on deals in fast-growing markets such as China, India and Latin America, Hubert Sagnieres, the Charenton-le-Pont, France-based company’s chairman and chief executive officer, said in an interview in Shanghai. He expects China to become the lensmaker’s top market in as early as five years.