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Italy' antitrust opens probe over Luxottica's acquisition of Barberini

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Italy' antitrust opens probe over Luxottica's acquisition of Barberini
The Luxottica's headquaters is seen in downtown Milan, February 1, 2016. REUTERS/Stefano Rellandini/File Photo   -   Copyright  Stefano Rellandini(Reuters)
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ROME (Reuters) – The Italian antitrust authority said on Friday it had opened a probe into Luxottica’s <LUX.MI> acquisition of top sun lens maker Barberini.

Luxottica, the world’s largest spectacles manufacturer, completed this week its merger with France’s Essilor <ESSI.PA>, the biggest lens maker globally.

The Italian group in June announced it had bought Barberini, the world’s top manufacturer of optical glass sun lenses, in a 140 million euro ($161 million) deal.

The antitrust said in a document on its website EssilorLuxottica and Barberini would control 65-70 percent of the Italian sunglasses market.

“Barberini’s positioning … leads one to believe that such a concentration could significantly hamper competition … creating or strengthening a dominant position,” it said.

Luxottica had no immediate comment.

(Reporting by Alberto Sisto, writing by Valentina Za)

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