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Merger of Kynnisferðir ehf. and S.B.K. ehf.

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  • Case number: 28/2010
  • Date: 8/10/2010
  • Company:
    • Kynnisferðir ehf. S.B.K. ehf.
  • Sectors:
    • Transport and travel affairs
  • Policy Area:
    • Mergers
  • Summary

    After news coverage of Kynnisferðir ehf. (coach tours company) acquisition in 100% share of S.B.K. ehf. (also a coach tours company) ICA asked for coalition announcement although these companies do not qualify in turn over condition merger stipulation by the Competetion Act's standards. After investigations it is the ICA's conclution that there is no reason for intervention.