U.S. AND EUROPE APPROVE ESSILOR/LUXOTTICA MERGER

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Essilor’s CEO Hubert Sagnierès (l) and Luxottica’s founder and chairman Leonardo Del Vecchio

The proposed combination of Essilor (Euronext Paris: EI) and Luxottica (MTA: LUX) has been cleared by the U.S. Federal Trade Commission and the European Commission without conditions. The European Union is one of the jurisdictions where antitrust approvals are a condition precedent to the closing of the transaction. To date, the transaction has also been unconditionally approved in 13 other countries: Australia, Canada, Chile, Colombia, India, Japan, Mexico, Morocco, New Zealand, Russia, South Africa, South Korea and Taiwan. The completion of the merger is planned for the first part of 2018 after obtaining all necessary authorizations.

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