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The acquisition of N1 hf. (an oil company) by Framtakssjóður Íslands slhf. (private equity fund)

  • Get document
  • Case number: 12/2012
  • Date: 4/6/2012
  • Company:
    • Framtakssjóður Íslands slhf.
    • N1 hf.
  • Sectors:
    • Consumer goods, supplies and etc.
  • Policy Area:
    • Mergers
  • Summary

    Framtakssjóður Íslands slhf. (FSÍ) bought 55% of shares of N1 hf. and thereby gained sole control over N1. The ICA deemed it necessary to impose conditions as the merger was considered to prevent effective competition. A settlement was made between the parties to prevent such effect.