Purchase by Motormax ehf. of the assets and current assets of the bankruptcy estate of Bílanaust ehf.

The Competition Authority
has been considering the acquisition by Motormax ehf. of assets and current assets
the bankruptcy estate of Bílanaust ehf. following the latter's bankruptcy. To
In a previous investigation and in light of the evidence in the case, it is the assessment
The competition authority that the merger resulting from the acquisition does not hinder
effective competition and not lead it to a dominant market position. Then it does not lead it to
that competition in the market is otherwise significantly distorted. Therefore
There are no grounds to take action regarding the merger under Article 17(c).
Competition Act No. 44/2005