Italian antitrust merger rules: updated turnover thresholds in a revised regime
On 2 April 2013, the Italian Antitrust Authority (IAA) published the new turnover thresholds: a concentration must be notified to the IAA when the Italian aggregate turnover of all undertakings concerned exceeds €482m (£409m) and when the Italian turnover of the target exceeds €48m.
The cumulative nature of the thresholds has already had a dramatic impact on the number of the concentrations reported to the IAA. In February 2013 the IAA issued 6 decisions on concentrations notifiable under the new regime, whereas in February 2012 the number of decisions on reportable concentrations was 37.
This decrease in the concentrations notified to the IAA should be welcomed. Under the old regime many concentrations had to be notified even where they had no effects on Italian market, including pure foreign to foreign transactions where the Target had a negligible turnover in Italy…
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