Resolutions
Merger of Hamravellir ehf. and Verkland ehf
The merger of building and construction companies Hamravellir ehf. and Verkland ehf. was approved in phase I without further investigation due to the limited effects of the transaction on competition.
Merger of Hamravellir ehf. and Verkland ehf
The merger of building and construction companies Hamravellir ehf. and Verkland ehf. was approved in phase I without further investigation due to the limited effects of the transaction on competition.
Merger of Laxamýri ehf. and Exeterhouse ehf
The Icelandic Competition Authority authorized the acquisition of Laxamýri ehf. by Exeterhouse ehf., Laxamýri already holds 50% of the shares in Exeterhouse.
News
Icelandic Competition Authority‘s interventions delivered impact equivalent to 18-29 times its budget (2015-2024)
The Icelandic Competition Authority has published a report on the assessed impact of its interventions relating to cartels, abuse of dominant position and anti-competitive mergers, following OECD‘s 2014 Guide for helping competition Authorities assess the expected impact of their activities.
Competition appeals committee confirms Samskip's extensive and serious cartel infringement
In a ruling issued today, the Competition Case Appeal Committee confirmed that Samskip had engaged in illegal cartel with Eimskip between 2008 and 2013. The ruling imposes a fine of 2.3 billion Icelandic krónur on Samskip for serious and extensive infringements of Article 10 of the Competition Act and Article 53(1) of the EEA Agreement. Additionally, Samskip is fined 100 million krónur for violating its duty to provide information under Article 19 of the Act.
Serious violation of the Icelandic Competition Act by Samskip
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 4.200.000.000).