Reginn ehf.'s takeover of Laugahús ehf.

Reginn ehf, a subsidiary of Landsbankinn hf, acquired all shares in Laugahúsar ehf, which operates properties equipped for the running of a fitness centre. The Competition Authority concluded that the takeover would distort competition and that it was necessary to impose conditions on the merger. The merging parties agreed to comply with the conditions set out in the decision. These are detailed conditions, which are intended to mitigate the competitive distortion that may arise from the bank's ownership of the company. Reginn has agreed to comply with the conditions set out in the decision, by signing a settlement. In processing the case, regard has also been had to complaints and comments received by the Competition Authority.