Decision of the Competition Authority confirmed

The decision of the Competition Authoritiy to approve the merger of Byr hf and Islandsbanki hf has been confirmed.
In October 2011 the Competition Authority approved the merger of Byr hf and Islandsbanki hf.  The decision was based on the argument that Byr was a failing firm.  MP Bank appealed the decision to the Competition Appeals Committee who ruled today that it confirmed the decision of the Competition Authority.