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Ker, Olíuverslun Íslands and Skeljungur antitrust fines cancelled by Reykjavík District Court

By  |  March 22, 2012
Ker, Olíuverslun Íslands and Skeljungur antitrust fines cancelled by Reykjavík District Court

The Reykjavík District Court has cancelled antitrust fines against Icelandic oil companies Ker, Olíuverslun Íslands and Skeljungur. Iceland’s competition authority had fined the companies ISK 1.5 billion króner for collusion and price fixing on January 28, 2005. The fines will be refunded to the companies, with the addition of interest and inflation, thus amounting to ISK 2.459 billion króner.

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