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Merger of Greenwater ehf. and Kiosk ehf.

The Icelandic Compeition Authority (ICA) has reviewed a merger between Greenwater ehf. and Kiosk ehf. Greenwater ehf. is associated with control and operations of multiple retail shops and through this merger, Greenwater ehf. takes over control and operations of Kiosk ehf., also operating in retail sales.

After investigating the merger and assessing information on the markets involved, the ICA deems it so that the merger will neither give rise to a dominant position or strengthen a dominant position in this case. The merger will not lead to disruption of competition in the relevant markets to an appreciable extent. Therefore, there is no intervention in the merger on behalf of the ICA.