UPDATING OF TURNOVER THRESHOLDS
PRESS RELEASE
PRESS RELEASE
Prior notifications of mergers and acquisitions: updating of turnover thresholds
The Competition Authority has resolved that as from 24 May 2004 the thresholds beyond which prior notification must be submitted for all acquisitions and mergers is raised to 411 million euro for the aggregate national turnover of all the undertakings involved in the operation, and to 41 million euro for the turnover of the acquired or merged undertaking.
This threshold increase, provided by section 16 of the Competition Act, is based on the increase in the GDP price deflator index which the General Report on the Economic Situation in Italy indicated as 2.95% in 2003.
Rome, 24 May 2004