Laxafoss eignarhaldsfélag ehf. and MF2 hs.´s joint control over Tryggvagata ehf. and Exeterhouse ehf
The Icelandic Competition Authority (ICA) has examined Laxafoss eignarhaldsfélag ehf. and MF2 hs.´s joint control over Tryggvagata ehf. and Exeterhouse ehf. Laxafoss is a holding company operating in the construction industry and MF2 is an affiliated fund. Tryggvagata´s main operation is rental of commercial property for the hotel business and Exeterhouse´s main business is operating hotels and restaurants.
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.