Takeover of BMV Holding ehf. of BM Vallá ehf.

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• Case number: 09/2012
• Date: 18/4/2012
• Company:
  • BMV Holding ehf.
  • BM Vallá ehf.
• Sectors:
  • Consumer goods, supplies and etc.
• Policy Area:
  • Mergers
• Summary

  The Icelandic Competition Authority received a merger notification on October 14 2011 regarding the merger of BMV Holding ehf. (owned by multiple parties) and B.M. Vallá ehf., that had been owned by Arion banki hf. in the months prior. The ICA deemed the merger possibly damaging to competition and a settlement was made to prevent such effect on March 6 2012.