Proposed Combination between Essilor & Luxottica Approved by the EC
Essilor and Luxottica announced that the proposed combination between the two companies has been cleared by the European Commission without conditions. The European Union is one of the jurisdictions where antitrust approvals are a condition precedent to the closing of the transaction.
To date, the transaction has also been unconditionally approved in 13 other countries: Australia, Canada, Chile, Colombia, India, Japan, Mexico, Morocco, New Zealand, Russia, South Africa, South Korea and Taiwan.
The finalization of the proposed Essilor and Luxottica combination is planned for the first part of 2018 after obtaining all necessary authorizations.