PREMERGER NOTIFICATION THRESHOLD ADJUSTMENT 1999
PRESS RELEASE
PRESS RELEASE
Turnover threshold adjustment for 1999
The Antitrust Authority has resolved that as from 26 April 1999 the turnover thresholds beyond which premerger notification is mandatory will be 710,000 million lire (366.684 million euros) from operations in Italy for all the companies involved and 71,000 million lire (36.668 million euros) in the case of the company under acquisition.
The increase in the value of these thresholds has been calculated in implementation of Section 16 of the Antitrust Act (law no. 287/90) by applying the GDP price inflation index which was 2.9% in 1998, according to the General Report on the Economic Situation of Italy.
Rome, 27 April 1999