Essilor and Luxottica have announced an extension to the July 31 of the deadline for finalising the merger of the two companies, but remain optimistic that it will happen.

Agreement documents were due to be signed between Essilor and Luxottica’s majority shareholder, Delfin, by the end of this month, but the Chinese competition authority has not yet approved the proposed combination between Essilor and Luxottica. The parties remain confident that they will succeed in completing the antitrust processes in China and Turkey in the coming weeks. The first general meeting of EssilorLuxottica shareholders will be announced as soon as possible.