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Merger of L1022 ehf., Arion banka hf., Lýsingar ehf. and Sementsverksmiðjunnar ehf.

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  • Case number: 10/2012
  • Date: 18/4/2012
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  • Summary

    The Icelandic Competition Authority received a merger notification on October 7 2011 regarding the merger of L1022 ehf. (owned by multiple parties) and Sementsverksmiðjan ehf. The ICA deemed the merger possibly damaging to competition and conditions were deemed necessary to prevent such damage. As a settlement had been made with the relevant parties in decision no. 9/2012, no specific conditions were set in this decision by the ICA as that settlement suffices and applies to the decision at hand as well.