Essilor-Luxottica merger clears another regulatory hurdle

Essilor and Luxottica have confirmed the proposed merger between the two companies has been cleared by the Canadian Competition Bureau.

Canada is one of the five jurisdictions where antitrust approvals are a condition precedent to the closing of the transaction.

The transaction has been cleared so far in 10 other territories: Australia, Colombia, India, Japan, Morocco, New Zealand, Russia, South Africa, South Korea and Taiwan. A European investigation is ongoing.