The Italian Competition Authority fines three companies active in the energy sector for gun jumping (Acea / Mediterranea Energia / Alma)

On 15 September 2020 the Italian Competition Authority ("AGCM") fined three companies active in the production and distribution of energy for failure to notify a concentration before its closing, rejecting the parties' claim that the concentration was interdependent on a second transaction that had been notified on time. WHAT YOU NEED TO KNOW - KEY TAKEAWAYS The AGCM can impose fines of up to 1% of a company's consolidated turnover for failure to notify a concentration which meets the Italian thresholds. The assessment of whether two or more transactions constitute a single

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Denis Fosselard, Giulia Carnazza, Gabriele Accardo, The Italian Competition Authority fines three companies active in the energy sector for gun jumping (Acea / Mediterranea Energia / Alma), 15 septembre 2020, e-Competitions September 2020, Art. N° 97564

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