GrandVision announces that all regulatory approvals for closing of the transaction between EssilorLuxottica and HAL have been...
10 Giugno 2021 - 7:30PM
GrandVision announces that all regulatory approvals for closing of
the transaction between EssilorLuxottica and HAL have been obtained
Schiphol, The Netherlands, 10 June
2021. GrandVision (Euronext: GVNV) confirms that
today the Turkish competition regulator (Rekabet Kurumu) has
cleared the transaction between EssilorLuxottica SA (Euronext: EL)
and HAL for the sale of HAL’s 76.72% interest in GrandVision (the
“Transaction”). This clearance is effective immediately.
As part of the clearance process, EssilorLuxottica has committed to
a number of behavioral remedies.
With the conditional approval of the Turkish competition regulator,
all regulatory approvals for closing of the Transaction have been
obtained.
The arbitration proceedings initiated by GrandVision against
EssilorLuxottica, in which GrandVision has requested the arbitral
tribunal to confirm, amongst other things, that GrandVision is not
in material breach of the Support Agreement concluded in connection
with the Transaction, as well as the arbitration proceedings
initiated by HAL against EssilorLuxottica in connection with the
Transaction, are ongoing. These proceedings are confidential. A
decision in the above mentioned arbitration proceedings is expected
in the second half of June 2021.
- GrandVision Press Release