By  on June 29, 2018

MILAN — Luxottica and Essilor said Friday that the deadline for the merger between the companies has been extended to July 31 as the Chinese competition authority has not yet approved the agreement, which is a condition to the closing. “The parties remain confident that they will succeed in completing the antitrust processes in China and Turkey in the coming weeks,” said Luxottica and Essilor in a joint statement.

The first general meeting of Essilor Luxottica shareholders was scheduled for July 25 and will be reconvened by the new entity’s board “for a later date to be announced as soon as possible.”

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