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Ísalndsbanki's acqusition of Eik Properties ehf.

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  • Case number: 22/2010
  • Date: 5/7/2010
  • Company:
    • Eik Properties ehf
    • Íslandsbanki hf.
  • Sectors:
    • Constructions
  • Policy Area:
    • Mergers
  • Summary

    The Icelandic Competition Authority (ICA) has reviewed a merger; Íslandsbanki hf. (a commercial bank) takeover of Eik Properties ehf. (real estate). After its investigation it is the ICA's assessment that the merger is considered liable to cause appreciable harm to competition. Conditions were imposed in order to limit the harming effects of the merger on competition.