EU clears merger of Essilor, Luxottica without conditions
BRUSSELS (Reuters) - The European Commission on Thursday approved the 48-billion-euro (42.55 billion pounds) merger of eyewear groups Luxottica and Essilor without setting conditions, saying the merger would not harm competition.
"We've received feedback from nearly 4,000 opticians in a market test in Europe that Essilor and Luxottica would not gain market power to harm competition," EU Competition Commissioner Margrethe Vestager said in a statement.
The deal between Luxottica, the world's biggest eyeglass frame maker, and Essilor, the world No. 1 lens maker, would create a company that would make products for various well-known brands such as Oakley and Ray-Ban.
Reuters reported in December that the deal would be cleared.
(Reporting by Robert-Jan Bartunek)
