Haru Holding ehf.'s acqusition of all stock of Bláfugl ehf.

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• Case number: 08/2014
• Date: 9/7/2015
• Company:
  • Bláfugl ehf.
  • Haru Holding ehf.
• Sectors:
  • Transport and travel affairs
• Policy Area:
  • Mergers
• Summary

  The Icelandic Competition Authority (ICA) has reviewed a merger between Haru Holding ehf. and Bláfugl ehf. Haru Holding ehf. is a holding company specializing in aviation investment and connected practices. One of its subsidiaries is the Airline Atlangta ehf. which headquarters are in Iceland but only operates it's freight and passenger transport in other countries. Bláfugl ehf. is a freight transport company in Iceland. Its operation is includes one out of five planes flying between Iceland an Europe.

  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 the market in Iceland. 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.