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EL - EssilorLuxottica SA News Story

€139.88 1.7  1.3%

Last Trade - 14/05/21

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

EssilorLuxottica to appeal court verdict over GrandVision

Fri 4th September, 2020 6:10am
PARIS, Sept 4 (Reuters) - Spectacles maker EssilorLuxottica
 ESLX.PA  said on Friday it would appeal against a court verdict
regarding planned takeover target GrandVision  GVNV.AS , after
losing a Dutch court case that could jeopardise the deal.
    "EssilorLuxottica confirms that it has decided to file an
appeal against the judgment dismissing the company’s demands for
disclosure of information from GrandVision," it said in a
statement.
    Last month, the Rotterdam district court said
EssilorLuxottica had failed to prove its claim that Dutch
company GrandVision had breached a takeover pact by not seeking
permission for actions it took as lockdowns to combat COVID-19
extended throughout Europe.  urn:newsml:reuters.com:*:nL8N2FQ4DY

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