Essilor and Luxottica have announced that their proposed merger has received the approval of authorities in both the United States and Europe.
The deal has been approved by the US Federal Trade Commission and the European Commission without conditions.
To date, the transaction has also been unconditionally approved in 13 other countries: Australia, Canada, Chile, Colombia, India, Japan, Mexico, Morocco, New Zealand, Russia, South Africa, South Korea and Taiwan.
The merger is expected to be finalised in the first part of this year. One major remaining step is securing approval from anti-trust regulators in China.
Mila, Italy-based Luxottica’s proposed deal with Essilor. France-based manufacturers of lenses as well as instruments and equipment, is valued at 48 billion euros (A$76 billion}.
It is planned the combined company will be called EssilorLuxottica.