GrandVision/EssilorLuxottica: re-evaluation of assets possible due to COVID-19 – sources

02 April 2020 - 01:11 pm UTC

EssilorLuxottica could re-evaluate GrandVision’s assets given the impact of the coronavirus outbreak on the business, sources familiar with the situation told this news service.

 

The deal terms include a MAC clause which has a provision related to a change of asset value, but does not cover pandemic risk specifically, the sources said.

 

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