EssilorLuxottica submitted its offer to the European Commission on Monday, a filing on the EU executive’s site showed. The EU competition enforcer will decide by April 12 whether to clear or block the deal.EssilorLuxottica is fighting GrandVision in a Dutch court over their deal agreement.EssilorLuxottica was formed in 2018 through a merger of French lens manufacturer Essilor and Italian spectacles maker Luxottica and also makes eyewear for luxury brands such as Chanel, Prada and Versace.In a court filing last year it said EU antitrust regulators had demanded that it divest stores in Belgium, France, Italy and the Netherlands to win approval for the deal.It said the demand included the sale of Dutch retail chains Pearle and Eye Wish Opticiens.EssilorLuxottica has since convinced the EU competition enforcer to narrow the scope of required divestments to three countries, the person said, declining to provide further detail.The Commission will now seek feedback from rivals, suppliers and customers before deciding whether to accept the offer, ask for more or block the deal.($1 = 0.8281 euros) (Reporting by Foo Yun Chee; editing by Jason Neely)This advertisement has not loaded yet, but your article continues below.Top Stories Newsletter Sign up to receive the daily top stories from the , a division of Inc.Email Address There was an error, please provide a valid email address.By clicking on the sign up button you consent to receive the above newsletter from Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.
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