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

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• 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.