Purchase of Consert Ltd. by Sena Ltd.

By letter dated 15 December 2006, the Competition Authority was notified of Seni ehf.'s acquisition of a controlling stake in Consert ehf. In the opinion of the Competition Authority, the acquisition constitutes a merger within the meaning of Articles 4 and 17 of the Competition Act, and for this reason the merger is subject to the merger control of Article 17 of the Act, as the turnover thresholds are met. The Competition Authority's investigation has revealed that there is no reason to take action regarding Senu's acquisition of Consert. In this regard, it is noted that there appears to be no overlap in the companies' activities that would result in a distortion of competition. Furthermore, no other factors have been identified which suggest that the merger could distort competition. In light of this, the Authority considers that there is no reason to take further action regarding the merger in question under Article 17 of the Competition Act.