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HB Grandi hf. acquisition of all shares in Laugafiskur ehf.

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  • Case number: 29/2013
  • Date: 6/12/2013
  • Company:
    • HB Grandi hf.
    • Laugafiskur ehf.
  • Sectors:
    • Consumer goods, supplies and etc.
  • Policy Area:
    • Mergers
  • Summary

    The Icelandic Competition Authority (ICA) has examined the acquisition of HB Grandi hf. of all shares in Laugafiskur ehf. HB Grandi hf. is one of the largest fishing companies in Iceland and is engaged in the fishing and the processing of pelagic and demersal fish. HB Grandi hf. owns the greatest share of the fishing quotas of all the fishing companies in Iceland. Laugafiskur ehf. specialises in the drying and processing of fish heads and spines for export to Nigeria. HB Grandi hf. does not operate in the same market as Laugafiskur ehf. The ICA came to the conclusion that there is no reason to interfere in this merger on the basis of Article 17 of the Competition Act.