Adds particulars on sale and background
PARIS, April 12 (Reuters) – EssilorLuxottica ESLX.PA stated on Monday Dutch eyewear group GrandVision GVNV.AS – which the French-Italian spectacles maker is trying to purchase – has agreed to promote its Chile models to the principle shareholder HAL Belief HLAN.AS.
EssilorLuxottica, whose manufacturers embody Ray-Ban and Oakley, added that the closing of the acquisition of GrandVision was nonetheless pending a sign-off from Turkey’s competitors authority, in addition to selections over ongoing arbitral proceedings.
EssilorLuxottica’s 7.2 billion euros ($8.6 billion) bid to regulate the Dutch eyewear group’s greater than 7,000 retailers internationally was one of many largest takeover offers introduced globally in 2019.
EU antitrust regulators final month agreed to the takeover below the situation that greater than 300 GrandVision-operated shops in three international locations needs to be offered to deal with competitors issues.
($1 = 0.8414 euros)
(Reporting by Sudip Kar-Gupta, Enhancing by Sherry Jacob-Phillips)
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