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

• Get document
• 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.