Norway: Competition Appeals Board rejects appeal by Schibsted against NCA's decision

On 27 May 2021, Norway's Competition Appeals Board agreed with the Norwegian Competitive Authority (NCA)'s findings that the 2019 acquisition of the online consumer-to-business marketplace platform Nettbil by media conglomerate Schibsted violated Section 16 of the Competition Act. In the NCA's investigation, it found that there was a horizontal overlap in the online marketplace through Schibsted's car sales platform, "Finn.no", and that the acquisition would give incentives for anti-competitive behaviour and ordered Schibsted to divest the acquisition. The appeal against the NCA's decision was submitted by Schibsted on 3 February 2021.