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Iceland’s Festi settles probe into N1 merger commitments

( November 29, 2024, 08:52 GMT | Official Statement) -- MLex Summary: Icelandic conglomerate Festi has announced a settlement with the Icelandic competition authority over a probe into whether the company breached commitments it made for approval of a merger with fuel retailer N1. Festi said it had admitted competition law breaches and would pay a fine of 750 million króna (around $5.5 million).Festi hf.: Settlement with the Icelandic Competition Authority which includes acknowledgement of breach of settlement and payment of fines...

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