EssilorLuxottica: Stage 2 examination in GrandVision deal
(CercleFinance.com) - EssilorLuxottica and GrandVision confirm that the European Commission has opened a phase II in the process of examining EssilorLuxottica's proposed acquisition of Grand Vision, and are confident that this deal, will be completed in a timely manner.
Both companies "closely cooperate with the European Commission to fully demonstrate the rationale of the proposed acquisition and the benefits that it will bring to customers, consumers and all the eyewear industry players".
They reaffirm their common objective of completing the deal within 12 to 24 months from the date of its announcement, 31 July 2019. To date, the deal has been unconditionally authorised in the United States, Russia and Colombia.
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Both companies "closely cooperate with the European Commission to fully demonstrate the rationale of the proposed acquisition and the benefits that it will bring to customers, consumers and all the eyewear industry players".
They reaffirm their common objective of completing the deal within 12 to 24 months from the date of its announcement, 31 July 2019. To date, the deal has been unconditionally authorised in the United States, Russia and Colombia.
Copyright (c) 2020 CercleFinance.com. All rights reserved.