(PRESS RELEASE) CHARENTON-LE-PONT, FRANCE — EssilorLuxottica confirms that the Turkish Competition Authority (TCA) has cleared the proposed acquisition of GrandVision.
The clearance was given after EssilorLuxottica made certain behavioral commitments with regards to the conduct of its business in Turkey.
With this approval of the Turkish authority, all regulatory approvals for closing of the proposed transaction have been obtained. The outcome of the transaction is still subject to the decision regarding the ongoing arbitration proceedings.
