Merger of KG Fiskverkun ehf. and Valafell ehf

The Icelandic Competition Authority (ICA) has examined KG Fiskverkun ehf.´s merger with Valafell ehf. KG Fiskverkun ehf. is a fishing and fish processing company and operates the fishing vessel Tjaldur SH-270. Valafell ehf. is a fishing and fish processing company and operates the fishing vessel Ólafur Bjarnason SH-137.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.