District Court rules in favour of GrandVision
24 Août 2020 - 6:30PM
District Court rules in favour of GrandVision
Claims made by EssilorLuxottica fully
dismissed
Schiphol, The Netherlands, 24 August 2020.
Today, the District Court has in summary proceedings dismissed all
claims made by EssilorLuxottica SA (Euronext: EL) to receive
additional documentation mainly in relation to GrandVision NV’s
(Euronext: GVNV) actions to mitigate the impact of COVID-19 on its
business.
The arbitration proceedings initiated by GrandVision against
EssilorLuxottica, as communicated on 30 July 2020, are proceeding
as planned. These proceedings are confidential and behind closed
doors.
GrandVision continues to support EssilorLuxottica with the
shared objective to obtain regulatory approval for the closure of
the Transaction within 12 to 24 months from the announcement date
of 31 July 2019.
- GrandVision Press Release 24 August