Purchase of a share in Eðalfangi ehf. by Horns IV slhf.

The decision concerned the merger of Horn IV Ltd. and Eðalfang ehf., which operates primarily in the market for the processing and sale of fish products to commercial kitchens and consumers. Horn IV is a specialised private equity fund managed by Landsbréfum hf., a subsidiary of Landsbankinn hf. 

The fund is a joint-stock company operated as a closed-end fund with around 30 professional investors as shareholders. The Competition Authority's investigation revealed that no concentration occurs in the relevant markets in question following the merger. 

Conditions have been imposed in the case and, following an investigation, the competition authority has concluded that the said conditions will remedy the competition concerns that would otherwise have arisen from the merger.