Landsbankinn hf. takeover of Lífsval ehf.

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• Case number: 17/2012
• Date: 30/8/2012
• Company:
  • Landsbankinn hf.
  • Lífsval ehf.
• Sectors:
  • Financial services
• Policy Area:
  • Mergers
• Summary

  The Icelandic Competition Authority (ICA) has reviewed a merger that came about with Landsbankinn hf. (a commercial bank) acquisition of Lífsval ehf (a real estate company that invests in estates/plots). After its investigation it is the ICA's assessment that the merger will have impact on competition in the market. With reference to all of the above conditions were imposed in order to limit the harming effects of the merger on competition and the terms have been accepted by the merging parties.