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The purchase of Skírnir
ehf. on the entire shares of KEA Pt. LCC in Prime Hotels ehf | Decisions | The Icelandic Competition Authority
Decisions
The purchase of Skírnir ehf. on the entire shares of KEA Pt. LCC in Prime Hotels ehf
- Get document
- Case number: 22/2024
- Date: 23/7/2024
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Company:
- Skírnir ehf.
- Prime ehf.
- KEA Hótel ehf.
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Sectors:
- Specialist service and other services
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Policy Area:
- Mergers
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Summary
The merging parties are Skírnir ehf., Prime Hotels ehf. and Kea hotel ehf. The holding company Skírnir buys all the shares of KEA Pt. LCC in Prime Hotels ehf. This is a change of ownership in Prime Hotels ehf. which holds a 65% share in Kea hotels ehf. The two merging Parties Skírnir ehf. and Prime Hotels ehf. are holding companies that have no actual direct operations. The activities of the final owners of the merging parties have a little overlap and the merger has little effect on the market for hotel accommodation.