The purchase of Edda slhf., Stekkur fjárfestingarfélag ehf. and a not yet established corporation owned by Driver ehf. of a 62,63% share in Securitas hf.

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• Case number: 24/2014
• Date: 16/7/2014
• Company:
  • Securitas hf.
  • Edda slhf.
  • Stekkur fjárfestingarfélag ehf.
• Sectors:
  • Specialist service and other services
• Policy Area:
  • Mergers
• Summary

  The ICA has reviewed the purchase of Edda slhf., Stekkur fjárfestingarfélag ehf. and a not yet established corporation owned by Driver ehf. of a 62,63% share in Securitas hf. After the merger Edda slhf. and Stekkur fjárfestingarfélag ehf. have a joint control of Securitas hf. Kristinn Aðalsteinsson is the sole owner of Stekkur fjárfestingarfélag ehf., which is an undertaking operating in real estate, securities and loans. Edda slhf. is an institutional investor specializing in investments in Icelandic undertakings. It is stated in the merger notification that Virðing hf. handles the daily operations of Edda slhf. Virðing hf. is a general brokerage firm which operates under the supervision of The Financial Supervisory Authority of Iceland. The ICA has deemed that no intervention is required on the basis of Article 17 of the Competition Act.