Merger of SÍA IV Ltd., Stefnis hf. and Örn ehf.

This concerns a merger where a fund operated by Stefnis hf. and Arion Bank buys a majority stake in Arna ehf. The parties are not in the same markets, and the merger therefore had only a very limited effect on competition. The aim of the transaction is to strengthen the operations of Arna ehf. Arna ehf. is an important smaller competitor in the dairy market, particularly due to the dominant position of larger competitors such as MS and KS.