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

  • Get document
  • Case number: 15/2014
  • Date: 20/6/2014
  • Company:
    • HB Grandi hf.
    • Norðanfiksur ehf.
  • Sectors:
    • Consumer goods, supplies and etc.
  • Policy Area:
    • Mergers
  • Summary

    The Competition Authority in Iceland has examined HB Grandi hf. acquisition of all shares in Norðanfiskur ehf. Before the acquisition HB Grandi owned 23,81% shares in Norðanfiskur. 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. Norðanfiskur is engaged in fish processing for domestic and foreign customers and big kitchen markets. The Competition Authority in Iceland came to the conclusion that there is no reason to interfere in this merger on the basis of Article 17 of the Competition Act.