Further review of the conditions for the merger of Travel Agency of Iceland Ltd. and Heimsferðir Ltd.

The decision concerns a request from Ferðastofa Íslands ehf. for the reopening of the conditions for the merger of the company and Heimsferðir ehf. Due to changed circumstances in the markets in which Icelandic Tourist Board operates, the Competition Authority agrees to annul Article 6 of the conditions, which stipulated restrictions on the company's cooperation with Icelandair. The Competition Authority also agreed to extend the deadline for the sale of a stake in Icelandair, in accordance with Article 5 of the settlement.