Press Release: Mergers: Commission informs Marine Harvest of objections against early implementation of its acquisition of Morpol

On 31 March 2014, the European Commission sent its objections to salmon farmer and processor Marine Harvest ASA for early implementation of its acquisition of competitor Morpol ASA, both of Norway. In December 2012 Marine Harvest had acquired a 48.5% stake in Morpol. This transaction was notified only in August 2013 and cleared subject to conditions in September 2013. In the Commission's preliminary view, Marine Harvest had failed to notify its project to acquire Morpol to the Commission before it was implemented, in breach of the EU Merger Regulation. If the infringement is confirmed, the Commission may impose a fine of up to 10% of the company's annual worldwide turnover.

ESO: Background information: Mergers: Commission approves acquisition of salmon processor Morpol by salmon farmer Marine Harvest, subject to conditions http://www.europeansources.info/record/press-release-mergers-commission-approves-acquisition-of-salmon-processor-morpol-by-salmon-farmer-marine-harvest-subject-to-conditions/

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