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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  EssilorLuxottica    EL   FR0000121667

ESSILORLUXOTTICA

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EssilorLuxottica : EU regulators to investigate EssilorLuxottica's 7.2 billion euro Dutch deal

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02/06/2020 | 01:20pm EST
Sunglasses from Ray Ban are on display at an optician shop in Hanau

EU antitrust regulators opened on Thursday an in-depth investigation into Ray-Ban maker EssilorLuxottica 7.2 billion euro (£6.1 billion) bid for Dutch opticians group GrandVision, saying the deal could push up prices.

BRUSSELS (Reuters) - EU antitrust regulators opened on Thursday an in-depth investigation into Ray-Ban maker EssilorLuxottica 7.2 billion euro (£6.1 billion) bid for Dutch opticians group GrandVision, saying the deal could push up prices.

The European Commission said the deal between the world's largest supplier of eyewear and Europe's largest optical retail chain could also reduce competition, confirming a Reuters story on Jan. 31. It will decide by June 22 whether to clear or block the deal.

"In this consolidating market, we need to carefully assess whether the proposed merger would lead to higher prices or reduced choices for consumers when they visit their local optician," European Competition Commissioner Margrethe Vestager said in a statement.

Retailers and rival lens makers have voiced concerns to the EU watchdog, sources had told Reuters. EssilorLuxottica was formed last year from the merger of French lens maker Essilor and Italian eyewear group Luxottica.

(Reporting by Foo Yun Chee)

Stocks treated in this article : EssilorLuxottica, GrandVision
Stocks mentioned in the article
ChangeLast1st jan.
ESSILORLUXOTTICA 0.46% 142.05 Real-time Quote.4.60%
GRANDVISION 0.00% 27.7 Delayed Quote.1.02%
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Financials (EUR)
Sales 2019 17 380 M
EBIT 2019 2 766 M
Net income 2019 1 187 M
Debt 2019 2 284 M
Yield 2019 1,49%
P/E ratio 2019 44,5x
P/E ratio 2020 32,3x
EV / Sales2019 3,70x
EV / Sales2020 3,46x
Capitalization 62 046 M
Chart ESSILORLUXOTTICA
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Technical analysis trends ESSILORLUXOTTICA
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 140,31  €
Last Close Price 142,05  €
Spread / Highest target 17,1%
Spread / Average Target -1,22%
Spread / Lowest Target -29,6%
EPS Revisions
Managers
NameTitle
Leonardo del Vecchio Executive Chairman & Chief Executive Officer
Laurent Vacherot President, Co-COO & Non-Independent Director
Paul du Saillant Co-Chief Operating Officer
Jean Carrier-Guillomet Co-Chief Operating Officer
Hilary Halper Chief Financial Officer
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