Stampa

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 14 May 2007 the thresholds beyond which prior notification must be submitted for all acquisitions and mergers is raised to 440 million euro for the aggregate national turnover of all the undertakings involved in the operation, and to 44 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 1,77% in 2006.


Rome, 14 May 2007