SKEL fjárfestingafélag hf.: The Competition Authority approves the merger of Orkan and Samkaup

Group 1 - Orkan IS ehf. has fulfilled all conditions for the acquisition of shares in Samkaup hf. and the transaction is expected to be settled on July 18 [1][3] - The Icelandic Competition Authority has completed its investigation and found no grounds for further investigation or intervention, concluding that the merger will not create a dominant market position or significantly impede competition [2] - Further details regarding the merger and the strategic vision of the combined company will be provided in SKEL's Q2 investor presentation [3]