European Commission unconditionally clears Luxottica/Essilor merger after Phase II review
The European Commission announced on 1 March 2018 that it has unconditionally approved the €48 billion proposed merger of eyewear manufacturer Luxottica Group S.p.A and ophthalmic lenses supplier Essilor International S.A. after a Phase II investigation. This is the third transaction to have received unconditional approval after a Phase II investigation under Commissioner Margrethe Vestager since her appointment in November 2014.
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