The acquisition by Samkaup hf. of the assets of 12 Basko verslanir ehf. stores.

 The Competition Authority has been reviewing the acquisition by Samkaup hf. of 12 stores from Basko verslanir ehf. Samkaup operates in the grocery retail sector and runs 48 convenience stores in 33 locations across the country under the names Nettó, Kjörbúðin, Krambúðin, Samkaup Strax and Seljakjör. This is a horizontal merger, whereby Samkaup acquires the assets of 12 stores in the capital region previously operated by Basko verslanir ehf.

Following an investigation and having regard to the evidence, the Competition Authority is of the opinion that the merger will not prevent effective competition in the relevant markets and will not lead to the creation or strengthening of a dominant position. Furthermore, the merger does not otherwise lead to a significant distortion of competition in the market. Therefore, there are no grounds to take action regarding the merger under Article 17(c) of the Competition Act No. 44/2005.