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Decisions

Merger of UK fjárfestingar ehf., Kraftvélar ehf., Kraftvélaleigan ehf. and BH eignarhaldsfélag ehf.

  • Get document
  • Case number: 18/2017
  • Date: 18/5/2017
  • Company:
    • UK fjárfestingar ehf.
    • Kraftvélar ehf.
    • Kraftvélaleigan ehf.
    • BH Eignarhaldsfélag ehf.
  • Sectors:
    • Consumer goods, supplies and etc.
  • Policy Area:
    • Mergers
  • Summary

    The ICA has reviewed a merger between UK fjárfestingar ehf., Kraftvélar ehf., Kraftvélaleigan ehf. and BH eignarhaldsfélag ehf. UK fjárfestingar is an investor controlling all shares in six undertakings, out of which three control subsidiaries. The undertakings mainly operate in selling and renting automobiles as well as selling certain spare parts for automobiles. Kraftvélar imports and sells heavy machinery and spare parts and Kraftvélaleigan rents out heavy machinery. BH eignarhaldsfélag is an undertaking that buys and sells stocks, real estate and lends money to others. By this merger UK fjárfestingar gains control of Kraftvélar, Kraftvélaleigan and BH eignarhaldsfélag.