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Glitnir hf. (former bank) and Haf Funding 2008-1 Limited aquired control over Lyfja hf. (retail company) as a result of Lyfja‘s financial difficulties

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  • Case number: 19/2012
  • Date: 21/9/2012
  • Company:
    • Lyfja hf
    • Glitnir hf.
    • Haf Funding 2008-1 Limited
  • Sectors:
    • Consumer goods, supplies and etc.
  • Policy Area:
    • Mergers
  • Summary

    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.