Merger of L1041 ehf. and ST eignarhaldsfélag ehf.

The Icelandic Competition Authority has examined the merger between L1041 ehf. and ST eignarhaldsfélag ehf. L1041 ehf. is currently the owner of 50% share in ST eignarhaldsfélag ehf. ST eignarhaldsfélag ehf. is a company that owns Steypustöðin ehf. The other owner of ST eignarhaldsfélag is Bósi ehf. After the merger L1041 ehf. will own 90% in ST eignarhaldsfélag ehf. and Bósi ehf. 10%. After investigating the merger, the Icelandic Competition Authority deems that the merger will not lead to disruption of competition in the markets of the case. Therefore, there is no reason to intervene in this merger on the basis of Article 17 of the Icelandic Competition Act.