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Saturday / July 11.
HomeminewsUS Clears Way for Essilor Luxottica Merger

US Clears Way for Essilor Luxottica Merger

The proposed combination of Essilor and Luxottica has been cleared by the US Federal Trade Commission without conditions.

The United States is one of the jurisdictions where antitrust approvals are a condition precedent to closing the transaction.

To date, the transaction has also been unconditionally approved in the European Union, and in 13 other countries: Australia, Canada, Chile, Colombia, India, Japan, Mexico, Morocco, New Zealand, Russia, South Africa, South Korea and Taiwan.

The finalisation of the proposed Essilor and Luxottica combination is planned for the first part of 2018 after obtaining all necessary authourisations.