Merger of Almenna leigufélagið ehf., Reykjavik Apartments ehf., X459 ehf. and L56 ehf.

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• Case number: 17/2018
• Date: 4/6/2018
• Company:
  • Almenna Leigufélagið ehf.
  • Bus Hostel ehf.
  • Reykjavik Apartments ehf.
  • X459 ehf.
• Sectors:

  No sectors found

• Policy Area:

  No policy area found

• Summary

  The Icelandic Competition Authority has examined the acquisition by Almenna leigufélagið ehf. of Reykjavik Apartments ehf., X459 ehf. and L56 ehf. The companies are investors and lessors in the residential real estate market in Iceland.

  After an investigation the Icelandic Competition Authority concludes that there is not a reason to believe that the merger will neither give rise to a dominant position nor strengthen of a dominant position in any market. 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 og the basis of Article 17 c of the Icelandic Competition Act no. 44/2005.