Resolutions
Acquisition by Alfa Framtak hf. (AU 26 ehf.) of Lyf og heilsa hf
The Icelandic Competition Authority has completed its assessment of the acquisition of AU 26. ehf., a holding company owned by a fund operated by Alfa Framtak hf. ("Alfa Framtak"), of Lyf og heilsa hf. ("Lyf og heilsa"). Alfa Framtak is an independent manager of specialized funds that operates two venture funds, while Lyf og heilsa operates pharmacies throughout the country under the names Lyf & heilsa, Apótekarinn, Garðs Apótek and Apótek Hafnarfjarðar.
Acquisition by Alfa Framtak hf. (AU 26 ehf.) of Lyf og heilsa hf
The Icelandic Competition Authority has completed its assessment of the acquisition of AU 26. ehf., a holding company owned by a fund operated by Alfa Framtak hf. ("Alfa Framtak"), of Lyf og heilsa hf. ("Lyf og heilsa"). Alfa Framtak is an independent manager of specialized funds that operates two venture funds, while Lyf og heilsa operates pharmacies throughout the country under the names Lyf & heilsa, Apótekarinn, Garðs Apótek and Apótek Hafnarfjarðar.
Merger of Ölgerðin Egill Skallagrímsson hf. and Ankra ehf
ICA approved the merger of Ölgerðin and Ankra. The aforementioned company produces drinks and beverages and wholesales various food products, and the latter is a wholesale and intermediary for a collagen supplier/producer.
News
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).
Merger of Ísfélag Vestmannaeyja and Rammi approved
The decision deals with the interaction between competition laws and provisions on maximum quota in the Act on Fisheries Management. It is the task of the Fishery Agency to follow up on compliance with the provisions of the Fisheries Management Act.