Purchase of Port I ehf., holding company of Dælan ehf. and Löður ehf., by Skeljungur hf.

The Icelandic Competition Authority (ICA ) has examined the merger between Skeljungur hf. and Port I ehf., holding company of Dælan ehf. and Löður ehf. The merger was notified February 18^th 2021, with a long form notification on basis of art. 17 a of the Icelandic Competition Act No. 44/2005.

On March 21^st, the ICA announced to the merging parties that there were grounds for further examination of the transaction. 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.