The Icelandic Competition Authority (Samkeppniseftirlitið) was founded on 1 July 2005, when the Competition Act No. 44/2005 entered into force. By the same Act, the former Icelandic Competition Authority (Samkeppnisstofnun) and Competition Council (Samkeppnisráð) were discontinued. Prior to the entry into force of Act No. 44/2005, the competition authorities in Iceland were also responsible for the supervision of unfair business practices and market transparency. These tasks were assigned to the Consumer Agency pursuant to Act No. 57/2005 on the supervision of unfair trade practices and market transparency.
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Serious violation of the Icelandic Competition Act by Samskip* The Icelandic Competition Authority ("the ICA ") has by decision no. 33/2023 completed the investigation into Samskip’s suspected Competition law violations. The ICA concludes that Samskip gravely violated the prohibition of (...)
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Merger of Ísfélag Vestmannaeyja and Rammi approved* The ICA recently took a position on the merger of Ísfélag Vestmannaeyja hf. and Ramma hf. The merger was duly notified on 10 February 2023, and the statutory deadlines then began to run. The investigation ended on phase I on 17 March 2023. (...)
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Merger of Ardian and Míla approved with conditions* The Icelandic Competition Authority (ICA) has completed its investigation into the acquisition of Ardian France of all shares of Míla, a subsidiary of Síminn. Míla operates telecommunications infrastructure nationwide in Iceland and is the (...)
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ICA directs recommendations to authorities regarding Isavia and the competitive environment at Keflavik Airport* The Icelandic Competition Authority (ICA) has published an opinion concerning the operational environment of Isavia ohf. and competitive conditions at Keflavik International (...)
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Storytel AB withdraws merger notification regarding its acquisition of a 70% share in Forlagið The Icelandic Competition Authority (ICA) has recently had under investigation Storytel AB’s proposed acquisition of 70% of Forlagið’s share capital, but the merging parties notified the merger in (...)
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The Icelandic Competition Authority fines Síminn for commitment violations* The decision made by the Competition Authority (ICA) today states the conclusion that Síminn violated the conditions of the commitments that the company has entered into with ICA in recent years. The decision reveals (...)
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On account of the COVID-19, consumers and businesses are confronted with unprecedented challenges. In response to these challenges, the Icelandic Competition Authority (ICA) has opened an information center where the following issues are addressed. 1- Exemptions from the ban to cooperate (...)
