🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

EU regulators set new August 13 deadline for EssilorLuxottica's Dutch deal

Published 05/13/2020, 06:14 AM
Updated 05/13/2020, 06:30 AM
© Reuters. FILE PHOTO: The Luxottica name is reflected in a pair of sunglasses  in this photo illustration taken in Rome
ESLX
-
CPRI
-
1913
-
GVNV
-

BRUSSELS (Reuters) - EU antitrust regulators have set a new deadline of Aug. 13 for their decision on Ray-Ban maker EssilorLuxottica's (PA:ESLX) 7.2-billion-euro ($7.8 billion) bid for Dutch opticians group GrandVision (AS:GVNV), a European Commission filing shows.

EU competition enforcers, which in February voiced concerns about possible price hikes and fewer choices for consumers as a result of the deal, halted their investigation on April 7 while waiting for the companies to provide data.

Companies in recent merger deals have been given more time to reply to information requests because of the coronavirus outbreak.

EssilorLuxottica, which makes eyewear for luxury brands such as Chanel, Prada (HK:1913) and Versace (N:CPRI), is also a retailer with a vast shop network.

© Reuters. FILE PHOTO: The Luxottica name is reflected in a pair of sunglasses  in this photo illustration taken in Rome

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.