Essilor And Delfin Extend Combination Deadline Agreement
January 02, 2023
Charenton-le-Pont, France, and Milan, Italy, – Essilor (Euronext Paris: EI) and Luxottica (MTA: LUX), announce the extension to July 31, 2018 of the deadline of both the Combination Agreement1 and Contribution Agreement2 signed between Essilor and Delfin, Luxottica’s majority shareholder.
As of today, the Chinese competition authority has not yet approved the contemplated combination between Essilor and Luxottica, such approval being a condition precedent to the closing of the combination. The parties remain confident that they will succeed in completing the antitrust processes in China and Turkey in the coming weeks.