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ARTICLE · 15 OCTOBER 1998

Mergers and Acquisitions - Intra-group Concentration Transactions

Studio Legale Fondato da Francesco Carnelutti
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ItalyEmployment and HR
The Italian Competition Authority ("the Authority") has recently announced its intention to streamline and simplify the mechanism by which concentrations are to be notified.

The first step in achieving this aim was announced in the Authority's official bulletin No. 12 of 10 April 1995, in which the Authority reported its decision to exclude certain intra-group concentration transactions from the obligation imposed by the Competition Law (Law No. 287 of 10th October 1990) to give advance notification of relevant concentrations. The exemption will apply to both vertical and horizontal intra-group transactions which meet certain requirements. Transactions will therefore be excluded which are:

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