Home finance Tiffany gets EU antitrust approval for LVMH deal

Tiffany gets EU antitrust approval for LVMH deal

0
Tiffany gets EU antitrust approval for LVMH deal


© Reuters. Tiffany & Co. logo outside a store in Paris

(Reuters) – Tiffany & Co (N:) has received regulatory approvals from the European Commission for its $16 billion (12.29 billion pounds) acquisition by French luxury goods group LVMH (PA:), the U.S. jeweler said on Monday.

The EU decision comes amid a legal battle between LVMH and Tiffany, with the latter suing the Louis Vuitton owner in a Delaware court, alleging that the French company has deliberately been stalling the completion of the deal.

Tiffany added that with the EU nod, it had all regulatory approvals required for the completion of the deal.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

READ  Asian automaker shares hit as Trump threatens Mexico with tariffs

LEAVE A REPLY

Please enter your comment!
Please enter your name here