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​Essilor-Luxottica merger review moves to second phase in Singapore

( December 12, 2017, 04:03 GMT | Official Statement) -- MLex Summary: The Competition Commission of Singapore has initiated an in-depth, or Phase 2, review of the proposed merger of Essilor International and Luxottica Group over concerns the merged entity would have substantial market power in the complementary products of ophthalmic lenses, prescription frames and sunglasses. The regulator said the companies have argued their activities have minimal overlap in Singapore. A Phase 2 review can take up to 120 working days to complete.The regulator's full statement is attached. ...

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