China Approves Essilor, Luxottica Deal With Conditions
July 26 2018 - 4:50AM
Dow Jones News
BEIJING--China's antitrust authority said it has approved a
merger deal between French optical-lens maker Essilor International
SA and Italy eyewear firm Luxottica Group SpA with conditions.
Among several restrictions, the merged company cannot ban
Chinese eyewear sellers from selling their competitors' products,
except for single-brand and franchise stores, the State
Administration for Market Regulation said in a statement posted on
its website late Wednesday.
The deal is still awaiting a nod from Turkish authorities after
gaining approval from the European Union in March.
Write to Liyan Qi at liyan.qi@wsj.com
(END) Dow Jones Newswires
July 26, 2018 04:35 ET (08:35 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Essilor Luxottica (PK) (USOTC:ESLOY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Essilor Luxottica (PK) (USOTC:ESLOY)
Historical Stock Chart
From Apr 2023 to Apr 2024