EssilorLuxottica : Update on the proposed acquisition of GrandVision by EssilorLuxottica
February 06 2020 - 1:00PM
EssilorLuxottica : Update on the proposed acquisition of
GrandVision by EssilorLuxottica
Update on the proposed acquisition of
GrandVision by EssilorLuxottica
Charenton-le-Pont, France, February 6,
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.
EssilorLuxottica is a global leader in the
design, manufacture and distribution of ophthalmic lenses, frames
and sunglasses. Formed in 2018, its mission is to help people
around the world to see more, be more and live life to its fullest
by addressing their evolving vision needs and personal style
aspirations. The Company brings together the complementary
expertise of two industry pioneers, one in advanced lens technology
and the other in the craftsmanship of iconic eyewear, to set new
industry standards for vision care and the consumer experience
around it. Influential eyewear brands including Ray-Ban and Oakley,
lens technology brands including Varilux® and Transitions®, and
world-class retail brands including Sunglass Hut and LensCrafters
are part of the EssilorLuxottica family.In 2018, EssilorLuxottica
had nearly 150,000 employees and pro forma consolidated revenues of
Euro 16.2 billion. The EssilorLuxottica share trades on the
Euronext Paris market and is included in the Euro Stoxx 50 and CAC
40 indices. Codes and symbols: ISIN: FR0000121667; Reuters:
ESLX.PA; Bloomberg: EL:FP.
CONTACTS
EssilorLuxottica Investor
Relations(Charenton-le-Pont) Tel: + 33 1 49 77 42
16(Milan) Tel: + 39 (02) 8633 4870E-mail:
ir@essilorluxottica.com |
EssilorLuxottica Corporate
Communications(Charenton-le-Pont) Tel: + 33 1 49 77 45
02(Milan) Tel: + 39 (02) 8633 4470E-mail:
media@essilorluxottica.com |
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