Resolutions
ML10 ehf.‘s acquisition of shares in Samhentir Kassagerð hf. and SAMPACK ehf
The ICA cleared an acquisition by ML10 ehf. on shares in Samhentum Kassagerð hf. and SAMPACK ehf.
ML10 ehf.‘s acquisition of shares in Samhentir Kassagerð hf. and SAMPACK ehf
The ICA cleared an acquisition by ML10 ehf. on shares in Samhentum Kassagerð hf. and SAMPACK ehf.
Samhentir Kassagerð hf. purchase of Formar ehf
The ICA cleared an acquisition by Samhentir Kassagerð hf. and Formar ehf.
News
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.
Merger of Síldarvinnslan and Vísir approved
The decision deals with the interaction between competition laws and provisions in the Fisheries Management Act. Attention is drawn to the fact that control is not defined in the same way in the two laws. It is the task of the Fisheries Agency to follow up on compliance with the provisions of the Fisheries Management Act.