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Decisions

Acquisition by Landsprent ehf. of printing machine and other assets in Torgs ehf. bankrupt estate

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  • Case number: 10/2024
  • Date: 24/5/2024
  • Company:
    • Landsprent ehf.
    • Þrotabú Torgs ehf.
  • Sectors:
    • Telecommunications, IT and media
  • Policy Area:
    • Mergers
  • Summary

    The ICA cleared an acquisition by Landsprent ehf. of printing machine and other assets in Torg ehf. bankrupt estate. The acquisition by Landsprent of the printing machine created a monopoly on the market for newspaper printing since Landsprent now owns the only newspaper printing machine in Iceland. In the merger notification the parties relied on the failing firm defence. According to failing firm defence an otherwise problematic merger may nevertheless be considered compatible with the common market if one of the merging parties is a failing firm.

    The ICA concluded that the three criteria for the failing firm defence are fulfilled in this case and therefore considered the merger compatible.