Merger of Top ehf., Bílaumboðið Öskja ehf. and Lotus Car Rental ehf.

The decision concerned the merger of Top Ltd., Öskja Car Agency Ltd. and Lotus Car Rental Ltd. The activities of the merging parties did not overlap in a way that warranted intervention. The activities covered by the merger included, amongst others, the import and sale of new cars, car repair services, and short-term car hire. Following an investigation into the merger, the Competition Authority concluded that there was no reason for intervention, as there were no indications that a dominant position was being created or that the merger would otherwise lead to a significant distortion of competition.