10:00 AM EDT, 07/26/2024 (MT Newswires) -- Meta Platforms ( META ) is interested in taking a stake in EssilorLuxottica, but would have to "buy on market" since the Ray-Ban maker has no current plans for a "capital increase dedicated to Meta," EssilorLuxottica Chief Executive Francesco Milleri said Thursday, according to a Capital IQ transcript.

"About the Meta taking a stake in [EssilorLuxottica]. We are informed of this kind of intention. We welcome everybody, any investors in our company," Milleri said during a call to discuss the company's H1 earnings, the Capital IQ transcript showed.

He said the company doesn't see any risk about Meta taking a stake and this would not affect their existing partnership.

"I believe that if they will go ahead with that, it will work, it will help, but it's not really necessary to our partnership that is strong behind that," Milleri was quoted in the Capital IQ transcript.

Meta didn't immediately respond to a request for comment from MT Newswires.

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