Mowi ASA (OSE: MOWI): Update on the allegations of collusion
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 Mowi has been informed that we will receive 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. Mowi considers that there are no basis for the EU inspection and that the class action complaints clearly lack merit and are entirely unsubstantiated. This equally applies to any criminal investigation in the US. Mowi will fully cooperate with the Department of Justice and will provide as requested all information in relation to our US subsidiaries.There is no new information regarding the European Commission’s case handling.This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.