Lyfja hf. has notified the Competition Authority that the company and the owner of XY-lyfja ehf., which operates Borgar Apótek, have reached an agreement to abandon Lyfja's planned acquisition of all its shares. For this reason, the merger notification for the transaction has been withdrawn.
The merger was notified to the Competition Authority in a satisfactory manner on 17 April 2026. In preliminary discussions with the merging parties in the run-up to the merger notification and during the investigation of the case, indications emerged that the merger could have an adverse effect on competition. The Competition Authority presented its concerns to the merging parties, including in a letter notifying them of the need for a further investigation into the merger.
A statement from Lyfju states that they foresee that approval from the Competition Authority will not be forthcoming for the merger. They have therefore decided to abandon the transaction.
With the withdrawal of the merger notification, the Competition Authority's proceedings in the case are concluded.
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