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Merger Update: EssilorLuxottica/Lenstec

RNS Announcement

RNS Number : 6545I

Competition and Markets Authority

16 August 2021

Start of CMA Merger Investigation: Anticipated acquisition by EssilorLuxottica S.A. of Lenstec Optical Group Limited

The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

The CMA announced the launch of its merger inquiry by notice to the Parties on 16 August 2021 and has a deadline of 12 October 2021 for its phase 1 decision.

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RNS metadata

Title: Merger Update: EssilorLuxottica/Lenstec
Time: 10:00:01
Date: 16 Aug 2021
Category: Acquisitions and alliances
ID: 6545I