The Italian Competition Authority (AGCM) resolved not to launch an investigation into the transaction that provides for the acquisition by CEVA Europe of the entire share capital of Fagioli Holding, wholly owned by Fagioli Finance, by the QuattroR Fund and by some employees or former employees of Fagioli Holding ( of 15 December 2025).

The antitrust authority noted that "the transaction does not appear to be capable of hindering competition in the markets concerned and to determine the establishment or strengthening of a dominant position". In addition, the AGCM noted that 'the the non-competition agreement and the non-solicitation agreement are ancillary to the transaction within the limits indicated only and that the Authority reserves the right to assess, where the conditions are met, the such agreements if they are implemented beyond these limits". The reference is to the agreement signed by the parties on the basis of which the sellers undertake with the buying group not to proceed, also through its affiliates, individually or together with other subjects: for a period of one year from completion of the transaction, the purchase and/or holding in any way Investments in entities that carry out activities activities of the Fagioli group in Italy, in the United States of America and Australia and for a period of three years from the completion of the operation, not to assume, solicit, induce, invite or otherwise encourage, directly or indirectly, any employee of Fagioli Holding and its subsidiaries, Fagioli Spa and Fagioli Inc. at the time of closing of the operation, to accept employment with any person or entity other than CEVA Europe, its affiliates or Fagioli Holding, Fagioli Spa and Fagioli Inc., or to terminate such relationships of employment.