EU antitrust authorities have extended their investigation into Ray-Ban maker EssilorLuxottica’s €7.2 billion (US$8.1 billion) bid for Dutch opticians group GrandVision by a week to August 20, reported Reuters.
The European Commission warned the companies last month that the deal could harm competition, people familiar with the matter had told Reuters, suggesting that concessions might be required in return for clearing the takeover.
The Commission, the EU competition enforcer, was scheduled to decide on the deal by August 13.
Full Content: Reuters
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