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Merger control criteria completely revised

02.07.2006

Amendment of the Competition Act taking effect on July 1 2006 change thoroughly the criteria for Competition Board approval. Although the changes are said to relax the criteria, turnover thresholds are brought down considerably.

According to the new criteria, Competition Board approval is required when:

• annual turnover in Estonia of each merging entity exceeds EEK 30 million (EUR 1.9 million); and
• turnovers of the merging parties together exceed EEK 100 million (EUR 6.4 million).

It is clarified that the application must be filed after signing merger agreement, but before closing the transaction. It is now possible to notify the Board before the transaction is signed. 

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