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Merger of Fagkaup ehf. and BG Fossberg ehf

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  • Case number: 22/2022
  • Date: 29/9/2022
  • Company:
    • Fagkaup ehf.
    • BG Fossberg ehf.
  • Sectors:
    • Consumer goods, supplies and etc.
  • Policy Area:
    • Mergers
  • Summary

    The Icelandic Competition Authority (ICA) has examined the merger of Fagkaup ehf. and BG Fossberg ehf. The operations of the companies do not overlap. Fagkaup's operations involve the import, distribution and sale of products for maintenance, repair and operations within construction. Fossberg is the daughter company of BG Fossberg. Fossberg is a retailer of iron and construction products. 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.