Update on the proposed acquisition of GrandVision by EssilorLuxottica
06 Febbraio 2020 - 7:00PM
Update on the proposed acquisition of GrandVision by
EssilorLuxottica
Schiphol, the Netherlands - 6 February 2020.
EssilorLuxottica S.A. and GrandVision N.V. today confirm that the
European Commission has initiated a Phase II review of the proposed
acquisition of GrandVision by EssilorLuxottica.
The parties are confident that Phase II will be completed in a
timely manner and will closely cooperate with the European
Commission to fully demonstrate the rationale of the proposed
acquisition and the benefits that it will bring to customers,
consumers and all the eyewear industry players.
The companies reaffirm the shared objective to close the
transaction within 12 to 24 months from the announcement date, July
31, 2019, in cooperation with the relevant authorities. The
transaction has been unconditionally cleared so far in the United
States, Russia and Colombia, and it is currently under review also
in Brazil, Chile, Mexico and Turkey.
Further announcements will be made if and when required.