A PYMNTS Company

Singapore: Watchdog starts phase 2 review of Essilor-Luxottica merger

 |  December 12, 2017

The Competition Commission of Singapore (CCS) has initiated the second phase of a review on the proposed multibillion-dollar merger between French lens maker Essilor International and Italian eyewear manufacturer Luxottica Group.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    On September 13, CCS received a notification for decision on whether the proposed merger would infringe the Competition Act. The phase 1 review was completed on November 13, but the CCS was unable to conclude that the proposed transaction would not raise competition concerns.

    In particular, it found that the two companies are the biggest players in their respective markets, which means that a merger could give them substantial market power in the complementary segments of ophthalmic lenses, prescription frames and sunglasses.

    Full Content: Global Competition Review

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.