Equities

Reuters reveals EssilorLuxottica's 7.2 billion euro Dutch deal faces full EU probe; market reacts

Reuters reveals EssilorLuxottica's 7.2 billion euro Dutch deal faces full EU probe; market reacts

Reuters exclusively reported that EssilorLuxottica’s 7.2 billion euro ($8 billion) bid for Dutch opticians group GrandVision faces a full-scale EU antitrust investigation after it declined to offer concessions to address concerns during the European Commission’s preliminary review. Shares of EssilorLuxottica, formed last year from the merger of French lens maker Essilor and Italian eyewear group Luxottica, dipped after the Reuters report was published and closed down nearly 2% on Friday.