The Italian Antitrust Authority reviews and modifies the amounts of the Italian merger and acquisition thresholds each year by an amount equivalent to the increase in GDP price deflator index.
Although the new wording of section 16 (1) of Law no. 287 of 10 October 1990 entered into force only on 29 August 2017, the Italian Antitrust Authority already published on 12 March 2018 the annual amendment.
Only the first threshold regarding the combined national turnover of all undertakings concerned, was raised by Euro 3 million. The second threshold remains unchanged.
Section 16 (1) of law 287/1990 now provides that concentrations referred to in section 5 shall be notified in advance to the Italian Antitrust Authority if:
‑ the combined aggregate domestic turnover of all the undertakings concerned exceeds Euro 495 million, and
‑ if the aggregate domestic turnover of each of at least two of the undertakings concerned exceeds Euro 30 million.
The new thresholds are applicable since 12 March 2018.