The much anticipated closure of the merger of behemoths Essilor and Luxottica has seemingly hit a roadblock in the final stages of completion. With no outcome from the preliminary review of the €46bn proposed merger, the EU anti-trust regulators have now opened up an in-depth investigation into the deal. The decision of the competition authorities (whether to clear or block the deal) is now expected only by 12 February 2018, potentially pushing out the merger by at least a quarter (previ
27 Sep 2017
EssilorLuxottica – time to reconsider?
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EssilorLuxottica – time to reconsider?
EssilorLuxottica SA (EI:WBO) | 0 0 1.9% | Mkt Cap: 24,290m
- Published:
27 Sep 2017 -
Author:
Sumit Sayal -
Pages:
3
The much anticipated closure of the merger of behemoths Essilor and Luxottica has seemingly hit a roadblock in the final stages of completion. With no outcome from the preliminary review of the €46bn proposed merger, the EU anti-trust regulators have now opened up an in-depth investigation into the deal. The decision of the competition authorities (whether to clear or block the deal) is now expected only by 12 February 2018, potentially pushing out the merger by at least a quarter (previ