Merger of Nordic Visitor hf. and Terra Nova Sól ehf.

The Icelandic Competition Authority investigated the purchase by Nordic Visitor hf. of Terra Nova Sól ehf. Both companies are active in the market for travel retail agencies and the market for tour operators.

The Competition Authority 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.