Merger of KS sölu ehf., Sláturhússins Hellu hf. and Skanka ehf.

The Competition Authority has been reviewing the merger of KS sala ehf., Sláturhússins Hellu hf. and Skanka ehf., where KS sala ehf. is a wholly-owned subsidiary of Kaupfélag Skagfirðinga svf. Through the merger in question, KS sala will acquire up to a 60% stake in Sláturhúsið Hellu and a 60% stake in Skanka. In the relevant markets, the activities of Kaupfélag Skagfirðinga and its affiliated companies consist mainly of sheep slaughter, whereas Sláturhúsið Hellu is primarily engaged in cattle slaughter and the rough processing of those products. Skanka's activities consist mainly of meat processing rather than slaughter, as is the case with Kaupfélag Skagfirðinga and Sláturhúsið Hellu, and there is therefore little overlap in the activities of the companies concerned. The Competition Authority considers that there is no reason to take action regarding this merger under Article 17 of the Competition Act.