On October 10, 2017, the Turkish Competition Board decided to take a closer look into the merger of Luxottica Group S.p.A. and Essilor International S.A. by taking the merger control notification to Phase 2 review.
The Law on Protection of Competition forbids parties from closing the transaction until the Board reaches a final decision. The Board's Phase 2 review of the transaction may take up to 1 year. During this period, the Board will evaluate whether the merger of two optical giants, Luxottica and Essilor, would have significant impact on competition in the relevant markets.
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