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The merger of Síldarvinnslan hf and Runólfur Hallfreðsson ehf.

The Icelandic Competition Authority has examined the merger between Síldarvinnslan hf. and Runólfur Hallfreðsson ehf. Síldarvinnslan is a company that has worked on the development of fishing in waters around Iceland as well as to operate a fish processing. Runólfur Hallfreðsson is a shipping company where the primary emphasis has been placed on pelagic fisheries. After an investigation the Icelandic Competition Authority concludes that there is not a reason to believe that the merger will lead to a harmful concentration. Consequently there is no reason to intervene in this merger on the basis of Article 17 of the Icelandic Competition Act.