Essilor: EU skeptical over merger with Luxottica.
(CercleFinance.com) - There's been a big setback for Essilor, whose share fell by 1.
3% in the last exchanges in Paris today. Indeed, the European Commission announced via a press release that it is opening an in-depth investigation into the merger of the French ophthalmic equipment giant with Luxottica, whose share price has also fallen in line.
Brussels questions the compatibility of this deal with rules in force concerning competition, considering Essilor's strong presence in the lens market and that of Luxottica in eyewear.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
3% in the last exchanges in Paris today. Indeed, the European Commission announced via a press release that it is opening an in-depth investigation into the merger of the French ophthalmic equipment giant with Luxottica, whose share price has also fallen in line.
Brussels questions the compatibility of this deal with rules in force concerning competition, considering Essilor's strong presence in the lens market and that of Luxottica in eyewear.
Copyright (c) 2017 CercleFinance.com. All rights reserved.