Home Business Tiffany will get EU antitrust approval for LVMH deal

Tiffany will get EU antitrust approval for LVMH deal

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© Reuters. Tiffany & Co. brand outdoors a retailer in Paris

(Reuters) – Tiffany & Co (N:) has obtained regulatory approvals from the European Fee for its $16 billion acquisition by French luxurious items group LVMH (PA:), the U.S. jeweler stated on Monday.

The EU choice comes amid a authorized battle between LVMH and Tiffany, with the latter suing the Louis Vuitton proprietor in a Delaware court docket, alleging that the French firm has intentionally 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.

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