Reuters exclusively reported that EssilorLuxottica’s 7.2 billion euro ($8 billion) bid for Dutch opticians group GrandVision faces a full-scale EU antitrust investigation after it declined to offer concessions to address concerns during the European Commission’s preliminary review. Shares of EssilorLuxottica, formed last year from the merger of French lens maker Essilor and Italian eyewear group Luxottica, dipped after the Reuters report was published and closed down nearly 2% on Friday.
Reuters reveals EssilorLuxottica’s 7.2 billion euro Dutch deal faces full EU probe; market reacts
31 January 2020, 12:00 am 1 minute
Type: Reuters Best
Regions: Europe / Middle East / Africa