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ESLOY Essilor Luxottica (PK)

108.5514
1.62 (1.52%)
01 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Essilor Luxottica (PK) USOTC:ESLOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  1.62 1.52% 108.5514 98.56 117.51 108.57 106.71 107.3575 12,440 21:57:00

China Approves Essilor, Luxottica Deal With Conditions

26/07/2018 9:50am

Dow Jones News


Essilor Luxottica (PK) (USOTC:ESLOY)
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BEIJING--China's antitrust authority said it has approved a merger deal between French optical-lens maker Essilor International SA and Italy eyewear firm Luxottica Group SpA with conditions.

Among several restrictions, the merged company cannot ban Chinese eyewear sellers from selling their competitors' products, except for single-brand and franchise stores, the State Administration for Market Regulation said in a statement posted on its website late Wednesday.

The deal is still awaiting a nod from Turkish authorities after gaining approval from the European Union in March.

 

Write to Liyan Qi at liyan.qi@wsj.com

 

(END) Dow Jones Newswires

July 26, 2018 04:35 ET (08:35 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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