Today, the Italian Competition Authority updated its merger control turnover thresholds. Effective today, 23 March 2020, Section 16(1) of Law no. 287 of 10 October 1990 requires prior notification of all mergers and acquisitions where both the following conditions are fulfilled:
- aggregate turnover in Italy of all undertakings involved above € 504 million; and
- individual aggregate turnover in Italy of at least two of the parties of the transaction above € 31 million.
Italy's merger control thresholds are adjusted annually to take into account increases in the GDP deflator index. The updated thresholds are published in the Competition Authority's Bulletin once this increase in index is announced officially.
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