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On October 10, 2017, the Turkish Competition Board decided to take a closer look into the merger of Luxottica Group S.p.A. and Essilor International S.A. by taking the merger control notification to Phase 2 review.
On October 10, 2017, the Turkish Competition Board decided to
take a closer look into the merger of Luxottica Group S.p.A. and
Essilor International S.A. by taking the merger control
notification to Phase 2 review.
The Law on Protection of Competition forbids parties from
closing the transaction until the Board reaches a final decision.
The Board's Phase 2 review of the transaction may take up to 1
year. During this period, the Board will evaluate whether the
merger of two optical giants, Luxottica and Essilor, would have
significant impact on competition in the relevant markets.
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