Icelandic Competition Authority raises competition concerns over Festi's acquisition of Lyfja hf.
The Icelandic Competition Authority has presented Festi with preliminary conclusions regarding its acquisition of all shares in Lyfja hf., stating that the merger may require intervention due to competition concerns. The authority's letter notes that the conclusions are based on current data and may change as the investigation progresses. Festi's proposed acquisition of Lyfja hf. was deemed satisfactory on November 9, 2023.
March 18, 2024
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