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Merger of Nathan & Olsen hf. (wholesale firm) and cosmetics department of Forvals heildverslun ehf. (wholesale firm)

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  • Case number: 22/2013
  • Date: 14/8/2013
  • Company:
    • Nathan & Olsen hf.
    • Forvals heildverslunar ehf.
  • Sectors:
    • Consumer goods, supplies and etc.
  • Policy Area:
    • Mergers
  • Summary

    The Icelandic Competition Authority (ICA) has reviewed a merger that came about with Nathan & Olsen hf.'s acquisition of the cosmetics department of Forvals heildverslunar ehf. Both undertakings have imported and sold cosmetics and hygiene products. After its investigation it is the ICA's assessment that the merger will neither give rise to a dominant position nor strengthening of a dominant position in this market. The undertakings offer a wide variety of products and there are many competitors in this market. The merger is not considered liable to cause appreciable harm to competition in other ways. Therefore, there is no reason to intervene in this merger on the basis of Article 17 c of the Icelandic Competition Act no. 44/2005.