The European Commission (Commission) initiated, on 19 February 2019, an
investigation relating to suspicions of anti-competitive cooperation in the
market for farmed Norwegian Atlantic salmon.
The Commission has today sent a Statement of Objections (SO) to several
exporters of Norwegian salmon. The SO sets out the Commission's preliminary
assessment that the exporters, in some instances, may have exchanged
commercially sensitive information in relation to spot market sale of whole
Norwegian farmed salmon to the EU in the period 2011-2019. Lerøy Seafood Group
(LSG) is one of the companies that has received the SO.
LSG strongly rejects the Commission's allegations. LSG is dedicated to ensuring
compliance with relevant competition law and always competes vigorously to offer
customers the best products and terms.
The SO is not a final decision and has been issued in accordance with the
Commission's ordinary procedures for such an investigation. The SO includes the
Commission's preliminary assessments only. LSG has a right of response, and will
after carefully reviewing the SO provide its comments to the Commission. LSG has
cooperated with the Commission throughout the Commission's investigation, and
will continue to work constructively with the Commission.
It is standard practice that these investigations last several years. It is not
possible at this stage to make any statement on whether the case will result in
sanctions or other negative consequences for LSG, or when the case will end. As
this is an ongoing investigation it is not possible for LSG to provide any
further comment.
The information included in this announcement is defined as inside information
pursuant to article 7 of the Market Abuse Regulation (MAR) and is publicly
disclosed in accordance with article 17 of MAR section 5-12 of the Norwegian
Securities Trading Act. This stock exchange announcement was published by Sjur
S. Malm, CFO at Lerøy Seafood Group ASA, on 25 January 2024 at 12:07 CET.