Grandvision Says Court Dismisses EssilorLuxottica Claims
24 Août 2020 - 7:17PM
Dow Jones News
By Adria Calatayud
Grandvision NV said Monday that a district court has ruled in
its favor and dismissed all claims made by EssilorLuxottica SA to
receive documentation over the Dutch company's actions to mitigate
the impact of the pandemic.
EssilorLuxottica, which last year agreed to buy Grandvision,
said on July 18 that it filed proceedings before a district court
in Rotterdam, Netherlands, to obtain information over the way the
Dutch company had managed its business during the coronavirus
crisis and to assess the extent to which it had breached its
obligations under a support agreement between the two parties.
Grandvision, which on July 30 said it had launched an
arbitration case against the Franco-Italian optical giant, said
proceedings are advancing as planned. These proceedings are
confidential and behind closed doors, the Dutch company said.
Grandvision reiterated its support for EssilorLuxottica with the
shared objective to obtain regulatory approval for the closure of
the transaction within the anticipated time frame.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
August 24, 2020 13:02 ET (17:02 GMT)
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