REVISED TURNOVER THRESHOLD UNDER S.16 OF THE COMPETITION ACT
PRESS RELEASE
PRESS RELEASE
Turnover threshold adjustment for 2000
The Antitrust Authority has resolved that as from 26 April 2000 the turnover thresholds beyond which premerger notification is mandatory will be 714 billion lire (368.750 million euros) from operations in Italy for all the companies involved and 71 billion 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 deflator index which was 1.48% in 1999, according to the General Report on the Economic Situation in Italy.