Merger of Lyfja and Heilsa hf. (Vetro ehf.) and Glerverksmiðjan Samverk ehf.

The Competition Authority has been reviewing the merger of Lyfja og heilsa hf. and Glerverksmiðjan Samverk ehf. Specifically, the merger involves the acquisition by Vetro ehf, a subsidiary of Lyfja og heilsa, of 90.88% of the share capital in Glerverksmiðjan Samverk ehf. The notification was received by letter dated. 18 September 2017, but the notification was accompanied by a so-called short merger filing. The merging parties operate in unrelated markets and strong competitors operate in the markets concerned in this case. The Competition Authority finds no grounds to take further action in this matter.