Conditions for Merging of Optics

In Costa Rica the regulatory body has agreed to the commitment made by Essilor Internacional not to distort the market by blocking raw materials or price discrimination, as a condition for the purchase of Grupo Vision.

Wednesday, April 29, 2015

From a statement issued by the Commission to Promote Competition (COPROCOM):

The Commission to Promote Competition (COPROCOM) a body under the Ministry of Economy, Industry and Commerce (MEIC), determined that the transaction whereby the company ESSILOR INTERNACIONAL acquires a majority stake in the company Brine Holding (which owns companies belonging GRUPO VISION), could generate an anti-competitive effect of closing the market by blocking materials, if the company Essilor stops supplying its current or potential customers with the products or services it provides through ILT de Costa Rica and Óptica Industrial S.A. (OPTISA).

ESSILOR INTERNATIONAL (acquiring company) is a multinational company whose main activity is the manufacture and sale of lenses and instruments and optical consumables for their sale. Meanwhile, BRINE HOLDING (seller) owns companies within Vision Group which operates in our country with business under the trade name Vision Optics and Optical Salas, plus a laboratory which buys finished and semi-finished lenses, which it polishes or coats according to the specifications requested by opticians.

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