EU raises objections to Marine Harvest takeover – Fishfarmer Magazine

EU raises objections to Marine Harvest takeover31 March, 2014 –

AFTER having approved the takeover of Morpol by Marine Harvest on 30 September 2013, the European Commission has informed Marine Harvest that it is currently investigating whether ITS acquisition of Morpol infringed merger regulations.

The European Commission has raised a number of objections relating to possible infringements of the suspension obligation and of the notification requirement under the European Merger Regulation by acquiring an initial shareholding in Morpol, before the related acquisition was notified to and approved by the European Commission.

Marine Harvest has been informed of the objections. The investigation does not affect the approval granted by the European Commission for the acquisition of Morpol by Marine Harvest, but may lead to a monetary fine for the infringement of the suspension obligation and of the notification requirement under the European Merger Regulation.

Marine Harvest does not expect such fine to be material.