Horn IV slhf. acquisition of 22% of S4S ehf

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• Case number: 4/2022
• Date: 7/3/2022
• Company:
  • Horn IV slhf.
  • S4S ehf.
• Sectors:
  • Consumer goods, supplies and etc.
• Policy Area:
  • Mergers
• Summary

  With this decision ICA approved the merger of Horn IV slhf. and S4S ehf. S4S ehf. operates stores in Iceland that sell clothing, shoes, sports- and leisure equipment. Horn IV slhf. is a private equity fund and is operated by Landsbréf hf., a subsidiary of Landsbankinn hf. The ICA‘s investigation has shown that the merger does not create a dominant position nor strengthens such a position in the relevant market, although remedies have been imposed, in cooperation with the merging parties, that are intended to secure the independence of the aforementioned undertakings toward Landsbankinn hf. After investigating the merger the ICA has concluded that the remedies imposed will solve the problems relating to competition that would otherwise have materialised following the merger.