Finland adopts new merger control thresholds
Written By
Partner
Finland
As a partner in our Helsinki office and head of our Competition & EU Law group in Finland, I specialise in complex competition and corporate matters.
Senior Counsel
Finland
I am a senior Counsel in our Competition and EU Law group in Helsinki, where I advise our clients in various competition law and regulatory matters.
Associate
Finland
I am an associate in our international Competition & EU Law team, advising on Finnish and EU competition law as well as Finnish FDI regulation and Finnish gambling law.
The Finnish government has recently addressed a legislative proposal to the Finnish Parliament regarding amending the Finnish Competition Act.
In the summer of 2021, the Finnish Consumer and Competition Authority (“FCCA”) stated that according to their study, the current national turnover thresholds allow harmful mergers to escape the scrutiny of the authority. Following this, the Finnish Ministry for Economic Affairs and Employment proposed to lower the jurisdictional thresholds for the obligation to notify concentration in Finland. In our latest article, we introduced the new merger control thresholds specified in the proposal.
According to the final proposal, a concentration needs to be notified to the FCCA if:
a) the combined Finnish turnover of the parties involved exceeds EUR 100 million (instead of current combined worldwide turnover of EUR 350 million); and
b) each of at least two parties involved has a Finnish turnover exceeding EUR 10 million (instead of the current EUR 20 million threshold for domestic turnover).
The amendments shall take effect at the beginning of 2023.
For more information, please contact i.e. Katia Duncker, Petteri Metsä-Tokila or Maria Karpathakis and visit our Competition & EU homepage.
