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European Union approved merger of LVMH and Tiffany

European Union approved merger of LVMH and Tiffany

Antimonopoly regulator of the European Union approved a deal to merge the French concern LVMH Moet Hennessy Louis Vuitton SE and jewelry company Tiffany, Reuters reported with reference to its sources.

The value of the deal will be 16.2 billion euros. Buying Tiffany will be for LVMH the largest after the acquisition of Christian Dior in 2017.