Merger of ÍSAM ehf. and Eggert Kristjánsson ehf.

The Icelandic Competition Authority has examined the merger between ÍSAM ehf. and Eggert Kristjánsson ehf. ÍSAM is owned by Kristinn ehf., a privately owned holding company. ÍSAM is one of the leading wholesalers in Iceland, a large food producer and importer. Its product portfolio consists of food products, golf equipment, healthcare products and tobacco. ÍSAM‘s food processing is through it‘s subsidaries: ORA, Frón, Kexsmiðjan and Myllan. In addition it owns Fastus ehf., which is a wholesaler of devices and equipment for food production. 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.