The Competition Authority has received Sufficient notification of a merger the French fund management company Ardian France SA
(„Ardian“) and Míla ehf („Míla“). Through the transaction, an investment company in
Ardian and its investment funds acquire all of Míla's shares from Símanum hf.
The Competition Authority called for a merger notification regarding
of the merger 19 November 2021. The merger was found to be subject to notification requirements.
and a merger notification was received from the parties on the 19th of January last. In
A review of the notification was subsequently carried out, and an assessment was made as to whether it contained
all necessary information as stipulated by the rules. Had
The Competition Authority in its communications with the companies regarding this, and received from them
Further necessary information.
The notification was deemed satisfactory on 8 February, and therefore the deadlines began to run from yesterday. On a special page about the status of merger talks
You can read more about deadlines in merger cases, where you can also find the status.
their cases which are under investigation by the Competition Authority.
The Competition Authority has
that role in accordance with
to lay down competition law
to assess it
whether a merger of companies disrupts
competition and damage
therewith interests
public. Part of
Such a study is
to obtain the views of companies that
Depending on the circumstances, competitors or customers are merger parties.
The merger notification between Ardian and Míla is available here without confidential information.
The Competition Authority
invites all stakeholders and other interested parties to submit a comment on the merger
and its possible effects, in particular regarding what effect the consultee considers that
the sale of Míla's impact on competition, on market definitions, the vertical relationship between Síminn and
Míla due to a long-term wholesale agreement following the merger and more.
Because
statutory time limits which apply to the Competition Authority in the handling of
Comments on merger matters are requested to be sent to the email address. samkeppni@samkeppni.is not to have
later than Monday, 21 February.
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