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EL - EssilorLuxottica SA News Story

€140.18 0.0  0.0%

Last Trade - 17/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £52.72bn
Enterprise Value £55.77bn
Revenue £12.43bn
Position in Universe 18th / 850

EssilorLuxottica may appeal court verdict over GrandVision

Tue 25th August, 2020 6:11am
PARIS, Aug 25 (Reuters) - Spectacles maker EssilorLuxottica
 ESLX.PA  said on Tuesday that it may appeal against an earlier
court verdict regarding its planned takeover target GrandVision
 GVNV.AS , after it lost a Dutch court case which could
jeopardise the deal.
    On Monday, the Rotterdam district court said
EssilorLuxottica had failed to prove its claim that Dutch
company Grandvision had breached a takeover agreement by not
asking permission for actions it took as lockdowns to combat 
COVID-19 extended throughout Europe.  urn:newsml:reuters.com:*:nL8N2FQ4DY
    "EssilorLuxottica is studying the judgment and assessing its
options, including the possibility of filing an appeal against
the judgment," EssilorLuxottica said in a statement.
    
    

 (Reporting by Sudip Kar-Gupta; Editing by Kim Coghill)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))
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