The European Commission approves merger between two motorbikes manufacturers applying new pre-filing referral procedure under the new merger regulation (Piaggio / Aprilia)

"First experiences with the new merger regulation : Piaggio/Aprilia"*Introduction On 22.11.2004, the Commission authorised under the Merger Regulation, the proposed acquisition of Aprilia S.p.A. by Piaggio & C. S.p.A. subject to a condition intended to safeguard competition in the Italian market for small scooters, where the two motorbike producers are strongest. The transaction raised serious doubts that competition might be reduced to the detriment of Italian customers of scooters with engines up to 50cc. However, Piaggio was able to allay these doubts by offering to supply its most advanced 50cc engine to all producers that express an interest. The Commission decision in this case is interesting in many respects as it shows a number of novel features relating to the application