Grandvision Says Court of Appeal Dismissed EssilorLuxottica Claims
07 Aprile 2021 - 7:41AM
Dow Jones News
By Joe Hoppe
Grandvision NV said Wednesday that the Amsterdam Court of Appeal
has ruled in its favor and dismissed all claims made by
EssilorLuxottica SA to receive additional documentation concerning
Grandvision's actions to mitigate the impact of the coronavirus
pandemic.
EssilorLuxottica, which last year agreed to buy the Dutch
company, said on July 18 that it had filed proceedings before a
district court in Rotterdam, Netherlands, to obtain information
over the way Grandvision had managed its business during the
coronavirus pandmic and to assess the extent to which it may have
breached its obligations under a support agreement between the two
parties.
Grandvision had said on Aug. 24 that a district court dismissed
the claims EssilorLuxottica, though the company appealed the
decision on Sept. 4.
Grandvision, which on July 30 said it had launched an
arbitration case against the Franco-Italian optical giant, said
proceedings are advancing as planned. These proceedings are
confidential and behind closed doors, the Dutch company said.
Grandvision reiterated its support for EssilorLuxottica with the
shared objective to obtain regulatory approval for the closure of
the transaction before July 31.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
April 07, 2021 01:26 ET (05:26 GMT)
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