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Serious violation of the Icelandic Competition Act by Samskip - 9/1/2023

The Icelandic Competition Authority ("the ICA ") has by decision no. 33/2023 completed the investigation into Samskip's suspected Competition law violations. The ICA concludes that Samskip gravely violated the prohibition of Article 10 of the Icelandic Competition Act and Article 53.1 of the EEA Agreement with unlawful collusion with Eimskip.

It is also the ICA's conclusion that Samskip, during the case investigation, gravely violated Article 19 of the Icelandic Competition Act with incorrect, misleading, and insufficient information and data delivery.

An administrative fine for these violations has been imposed in the sum of ISK 4.2 bn. (ISK