Merger of Festi hf. and Icelandic Energy Trading ehf.

The Competition Authority has been reviewing the merger of Festi hf. and Íslensk orkumiðlun ehf. (ÍOM). Festi is a company that operates, among other things, petrol stations under the N1 brand and grocery stores under the Krónan brand. ÍOM is a company that sells electricity to end-users, both individuals and businesses.

Based on the information available, the Competition Authority concludes that the merger between Festi and ÍOM will not result in the creation or strengthening of a dominant position, nor will it otherwise significantly distort competition. For these reasons, the Authority concludes that there are no grounds to take action regarding this merger.