EU regulators set new August 13 deadline for EssilorLuxottica's Dutch deal
May 14, 2020
EU antitrust regulators have set a new deadline of Aug. 13 for their decision on Ray-Ban maker EssilorLuxottica’s 7.2-billion-euro ($7.8 billion) bid for Dutch opticians group GrandVision, a European Commission filing shows.
EU competition enforcers, which in February voiced concerns about possible price hikes and fewer choices for consumers as a result of the deal, halted their investigation on April 7 while waiting for the companies to provide data.
Companies in recent merger deals have been given more time to reply to information requests because of the coronavirus outbreak.
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