PARIS, Dec 9 (Reuters) - Facebook-owner Meta
holds at least a 3% stake in EssilorLuxottica, a board
director at the European firm behind Ray-Ban glasses said on
Tuesday.
The Meta stake has previously been reported from sources but
not confirmed by either firm. The pair are working closely
together on Ray-Ban Meta AI-powered glasses.
Jose Gonzalo, executive director at French state-owned
investment bank Bpifrance and an independent director on
EssilorLuxottica's board, said that number could rise.
"It's at least 3%," he said, adding it was possibly up to 5%
although likely at the lower end of that range. He added that
"nothing is stopping them from continuing to grow (their
stake)".
Meta did not immediately reply to a request seeking comment.
EssilorLuxottica was not immediately available for a comment.
Gonzalo added that Meta was not currently seeking a seat on
the board.
"They are not represented on the board, they have not asked
for representation on the board," he said.