A PYMNTS Company

EU: Commission raids salmon farmers in suspected cartel

By  |  February 19, 2019

According to antitrust regulators raided salmon farms in several European Union countries on Tuesday, including some owned by Norway’s Mowi, in a suspected cartel inquiry.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “The Commission has concerns that the inspected companies may have violated EU antitrust rules that prohibit cartels and restrictive business practices,” it said in a statement.

    While the Commission did not name the companies involved, Mowi, the world’s biggest producer of farmed Atlantic salmon, told Reuters that the EU regulators had raided two of its businesses, in Scotland and the Netherlands.

    “We have nothing to hide, we are cooperating with the European Commission,” Mowi spokesman Ola Helge Hjetland said. Mowi, formerly known as Marine Harvest, changed its name in January as part of a rebranding.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.