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Acquisition by Orkla ASA of shares in Nói Síríus hf

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  • Case number: 21/2021
  • Date: 27/5/2021
  • Company:
    • Nói-Síríus hf
    • Orkla ASA
  • Sectors:
    • Consumer goods, supplies and etc.
  • Policy Area:
    • Mergers
  • Summary

    The Icelandic Competition Authority investigated the purchase by Orkla ASA of a 80% holding in Nói Síríus hf. Orkla ASA already owns a 20% holding in Nói Síríus. The companies operate only partially in the same field, ie., on the market for wholesale of candy, on the market for wholesale of savoury snacks and on the market for wholesale of Ready-to-eat-cereals. The investigation did not indicate that there was reason to intervene in the transaction.