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Ásar enters settlement talks with Icelandic competition authority

Ásar hf. said the Icelandic Competition Authority has opened talks on a possible settlement over its purchases of Öryggismiðstöð Íslands and Opnum kerfum.

By Fiona McAllister, Global Markets EditorPipDig Newsroom
  • The authority has told Ásar there are grounds to begin settlement talks.
  • The deadline to finish the ÖMÍ review has been extended by 15 working days to 30 October 2026.
  • The deadline for the OK review remains 4 November.

Ásar hf. said the Icelandic Competition Authority has said there are grounds to begin talks on a possible settlement over its purchases of Öryggismiðstöð Íslands hf. and Opnum kerfum hf.

High-angle photo of a meeting table with unbranded kraft folders, thick off-white report pages, a wooden rubber stamp, a black pen, a USB stick and reading glasses arranged in the upper portion of the frame, with the lower third left empty.
Ásar enters settlement talks with Icelandic competition authority

The move follows Ásar’s response to the authority’s statement of objections, filed on 25 September. Ásar had also asked for settlement talks in that filing.

The authority’s deadline to finish its review of the ÖMÍ purchase has now been extended automatically by 15 working days. The new deadline is 30 October 2026, rather than 9 October.

The deadline to complete the review of the OK purchase remains 4 November. Ásar said it will update the market on the progress of the case as required by law.

Source: GlobeNewswire,