BREAKING NEWS

BREAKING NEWS

No concessions from Luxottica, Essilor - EU antitrust regulators

Now Reading:

No concessions from Luxottica, Essilor - EU antitrust regulators

Text size Aa Aa

BRUSSELS (Reuters) – Luxottica <LUX.MI> and Essilor <ESSI.PA> have not offered any concessions to allay EU antitrust regulators’ concerns over their proposed 46-billion-euro (41 billion pounds) merger, according to a filing on the European Commission website. Italian eyewear maker Luxottica and French lens manufacturer Essilor had until Sept. 19 to do so after the EU competition enforcer expressed its reservations about the deal to the companies last week. Unless they manage to appease the Commission, it is likely that the regulator will open a full-scale investigation of about four months following the end of its preliminary review which ends on Sept. 26.

(Reporting by Foo Yun Chee; editing by Philip Blenkinsop)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.