Canadian Competition Bureau approves Essilor and Luxottica merger
The proposed deal has so far been approved in 10 other jurisdictions
Essilor and Luxottica have announced that the proposed merger of the lenses and eyewear companies has been approved by the Canadian Competition Bureau.
Canada is one of five jurisdictions where anti-trust approvals must be met to close the deal. The others are the US, China, Brazil and Europe.
The proposed merger is currently subject to an investigation by the European Commission. A decision was initially expected on 26 February 2018, but this has been postponed to allow for more independents to respond to the Commission’s questionnaire.
So far, the deal has also been approved in Australia, Colombia, India, Japan, Morocco, New Zealand, Russia, South Africa, South Korea and Taiwan.