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EU: Luxottica, Essilor merger review extended

 |  October 18, 2017

The European Commission on Wednesday, October 18, pushed back a deadline by which it will review the €46 billion (US$54.0 billion) merger of Italian eyewear maker Luxottica and French lens manufacturer Essilor .

The Commission, which acts as the competition watchdog for the European Union, said it would extend the deadline by 10 working days to February 26.

In September, the Commission opened a full-scale investigation, saying the deal may reduce competition in ophthalmic lenses and eyewear.

Full Content: Zone Bourse

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