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Laxafoss eignarhaldsfélag ehf. and MF2 hs.´s joint control over Tryggvagata ehf. and Exeterhouse ehf

  • Get document
  • Case number: 44/2021
  • Date: 21/12/2021
  • Company:
    • Laxafoss eignarhaldsfélag ehf.
    • MF2 hs.
    • Tryggvagata ehf.
    • Exeterhouse ehf.
  • Sectors:
    • Transport and travel affairs
  • Policy Area:
    • Mergers
  • Summary

    The Icelandic Competition Authority (ICA) has examined Laxafoss eignarhaldsfélag ehf. and MF2 hs.´s joint control over Tryggvagata ehf. and Exeterhouse ehf. Laxafoss is a holding company operating in the construction industry and MF2 is an affiliated fund. Tryggvagata´s main operation is rental of commercial property for the hotel business and Exeterhouse´s main business is operating hotels and restaurants.

    The ICA concluded that there were no grounds to intervene because of the merger, as there were no indications that a dominant market position would be formed or that the merger would otherwise lead to a significant distortion of competition.