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Merger of Umbreytingar II
slhf., AU 23 ehf. and Magmahótel
ehf | Decisions | The Icelandic Competition Authority
Decisions
Merger of Umbreytingar II slhf., AU 23 ehf. and Magmahótel ehf
- Get document
- Case number: 11/2024
- Date: 28/5/2024
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Company:
- Umbreyting ll slhf.
- Alfa framtak ehf.
- AU 23 ehf.
- Magmahótel ehf.
- Land og lóðir ehf.
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Sectors:
- Transport and travel affairs
-
Policy Area:
- Mergers
-
Summary
The holding companay AU 23, which was founded by the specilized fund Umbreyting II slhf, bought Magmahótel ehf. from the company Land og lóðir ehf. The fund is oporated by Alfa Framtak ehf. which is an independed operator of special funds. The merger will have a little effect on the market for hotel and resturants in the South part of Iceland.