Acquisition of Sammontana S.p.A. and Forno d’Asolo S.p.A – Phase 2 merger cleared by the Italian Competition Authority

The Italian Competition Authority (“AGCM”) has conditionally cleared the acquisition of Sammontana S.p.A. and Forno d’Asolo S.p.A. by Frozen Investment S.à.r.l. and Sammontana Finanziaria S.r.l..Lear worked together with law firms Chiomenti, Bird & Bird, and BonelliErede, as well as the consultancy firm Oxera, to address the competitive concerns raised by the AGCM regarding the market for production and distribution of frozen viennoiserie and to define suitable remedies to address these concerns.
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