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Grieg Seafood ASA: Update on the allegations of anti-competitive practices

Written by Customer Service on . Posted in Public Companies.

With reference to the previously announced European Commission inspection which concerned possible collusion between Norwegian producers of farmed Norwegian Atlantic salmon and class action complaints in the USA related to the same matter.Further to this, Grieg Seafood ASA has been informed that the two US-based subsidiaries of Ocean Quality AS, Ocean Quality USA, Inc, and Ocean Quality Premium Brands, Inc. have received a subpoena from the Antitrust Division of the Department of Justice in the USA, where they are opening a criminal investigation involving allegations of similar conduct.Grieg Seafood ASA and Ocean Quality AS are not aware of any kind of practices that support the allegations, or other practices that undermines competition in either the EU or the US.Grieg Seafood ASA and Ocean Quality AS will fully cooperate with the Department of Justice and will provide as requested all information in relation to the US subsidiaries.There is no new information regarding the European Commission’s case handling.See also our reference to this matter in our report for the third quarter of 2019. 

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.     
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