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ARTICLE · 16 MARCH 2018

Italian Merger Filing Thresholds Increased

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The Italian Competition Authority ("ICA") annually amends the turnover thresholds for notification of transaction based on the gross national product price deflator index.

ItalyAntitrust/Competition Law
Mario Todino
Mario Todino
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The Italian Competition Authority ("ICA") annually amends the turnover thresholds for notification of transaction based on the gross national product price deflator index. The ICA now has increased the first threshold, relating to the Italian combined turnover of all the undertakings concerned, to €495 million (which before was €492 million). However, this is not likely to substantially impact on the number of notifiable transactions in Italy.

Existing thresholds

According to article 16 (1) of Law No. 287/1990 - as recently amended - a merger was reportable to the Italian Competition Authority ("ICA") if two cumulative thresholds were met:

  • the combined Italian turnover of all the undertakings concerned exceeded €492 million (approximately US$555 million); and

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