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Canadian regulator approves Essilor-Luxottica merger

The Canadian Competition Bureau cleared the proposed €46 billion merger between Essilor International Société Anonyme and Luxottica Group SpA.

Canada is one of five jurisdictions where antitrust approvals are a condition for the closing of the deal. The proposed merger has also been cleared in ten other jurisdictions, including Australia and New Zealand.

Meanwhile, the European Commission recently halted a probe into the proposed combination because the two companies have not yet provided the necessary data.