Arion bank´s takeover of Þyrping ehf.

• Get document
• Case number: 21/2010
• Date: 23/6/2010
• Company:
  • Arion banki hf.
  • Þyrping hf
• Sectors:
  • Constructions
• Policy Area:
  • Mergers
• Summary

  The Icelandic Competition Authority (ICA) has reviewed a merger; Íslandsbanki hf.'s (a commercial bank) takeover of Þyrping 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.