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EL - EssilorLuxottica SA News Story

€139.26 0.2  0.2%

Last Trade - 4:35pm

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £52.54bn
Enterprise Value £55.59bn
Revenue £12.46bn
Position in Universe 18th / 848

EssiLux loses court appeal against takeover target GrandVision

Tue 6th April, 2021 5:44pm
AMSTERDAM, April 6 (Reuters) - Spectacles maker
EssilorLuxottica  ESLX.PA  on Tuesday lost an appeal in its
court battle with takeover target GrandVision  GVNV.AS ,
removing a possible hurdle for the 7.2 billion euro ($8.5
billion) deal.
    EssilorLuxottica  ESLX.PA  in August last year lost a Dutch
court case in which it had said that decisions made by the Dutch
operator of eyewear stores during the COVID-19 pandemic could
give grounds for ending its proposed takeover.  urn:newsml:reuters.com:*:nL8N2FC461

 (Reporting by Bart Meijer; editing by David Evans)
 ((Bart.Meijer@thomsonreuters.com; +31 20 504 5006; Reuters
Messaging: bart.meijer@thomsonreuters.com))
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