The European Commission announced in advance that it had given its unconditional green light to the union of the two strong groups, each in two complementary sectors: Essilor in lenses, Luxottica in eyeglass frames. Vestager: "4.000 opticians consulted"
There is no peace for the multinational from Veneto on the eve of the merger with Essilor: after Guerra, Cavatorta and Adil Kahn, Leonardo Del Vecchio also liquidates Vian and assumes more powers alongside the new CEO Francesco Milleri.
Reason: the Antitrust Authority fears that the merger could reduce competition on the optical lenses market and intends to extend the investigations.
The two companies had until Sept. 19 to offer concessions after the EU competition watchdog expressed reservations about the deal last week.
The data from Essilor for the first half of 2017 is not very reassuring. The French lens giant cut its 2017 estimates to the low end of its forecasts and below consensus estimates. The closing of the mega-merger with Luxottica…
The French shareholders' meeting gives the green light to the wedding with Luxottica. Green light for the new joint board: it will be led by Leonardo Del Vecchio for the first three years, then it will be the turn of a Frenchman
The "combination" project between Luxottica and Essilor, announced in January, is making progress. The board of Essilor International has approved the signing of the contribution agreement relating to the transaction between the French company and Delfin, the holding company that controls Luxottica.
The news of the day, which also influences the Stock Exchange, is undoubtedly the record-breaking merger in the eyewear world between the Italian Luxottica and the French Essilor: the in-depth analysis and the other salient facts of Monday 16 January.
In the middle of the day, the Milan Stock Exchange pays for the downgrade of Dbrs: the banking sector suffers, much less government bonds. Fiat Chrysler continues to suffer from the issue of emissions in the USA - Negative energy and…
At the end of the operation, the holding company "EssilorLuxottica" will be created, of which Delfin di Del Vecchio will be the first shareholder - But the post-merger company will only be listed on the Paris Stock Exchange - Here are the financial details of the agreement and the numbers of the group…
