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EssilorLuxottica may appeal court verdict over GrandVision

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Sudip Kar-Gupta Reuters
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Credit: REUTERS/Kai Pfaffenbach

Spectacles maker EssilorLuxottica said on Tuesday that it may appeal against an earlier court verdict regarding its planned takeover target GrandVision, after it lost a Dutch court case which could jeopardise the deal.

PARIS, Aug 25 (Reuters) - Spectacles maker EssilorLuxottica ESLX.PA said on Tuesday that it may appeal against an earlier court verdict regarding its planned takeover target GrandVision GVNV.AS, after it lost a Dutch court case which could jeopardise the deal.

On Monday, the Rotterdam district court said EssilorLuxottica had failed to prove its claim that Dutch company Grandvision had breached a takeover agreement by not asking permission for actions it took as lockdowns to combat COVID-19 extended throughout Europe.

"EssilorLuxottica is studying the judgment and assessing its options, including the possibility of filing an appeal against the judgment," EssilorLuxottica said in a statement.

(Reporting by Sudip Kar-Gupta; Editing by Kim Coghill)

((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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