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Decision No. 13/2018, Joint venture of Samherji Ísland hf., HB Grandi hf., Vísir hf. and Þorbjörn hf. on the production of collagen

The Competition Authority has examined the joint venture of Samherji Ísland hf., HB Grandi hf., Vísir hf. and Þorbjörn hf. on the production of collagen from fish skin and bones. The joint venture involves a merger within the meaning of Paragraph 1 (d) Article 17 of the Competition Act. The merger partners assume that the company Collagen ehf. will meet the conditions to be considered as an independent economic unit. The factory of Collagen ehf. is intended to operate in a special housing independent of owners and that the company will have an independent board of directors. In addition, Collagen ehf. will not take over any activities undertaken by the owners of the company and that all decisions on the company's operations and policies will be taken independently. The Competition Authority considers that there is no reason to interfere in this merger on the basis of Article 17 of the Competition Act.