ALERTS: MERGERS - EUROPEAN UNION - NORWAY - FOOD SECTOR - FINES - NOTIFICATION

Fines: The European Court of Justice confirms the possibility for the Commission to impose a fine of €10 million on the Norwegian salmon farmer for buying out his competitor without prior notification of the operation and an equal fine for carrying it out before the Commission had approved (Mowi)

*This article is an automatic translation of the original article in French, provided here for your convenience. Read the original article. On 4 March 2020, the Court of Justice of the European Union delivered a judgment in Case C-10/18 (Marine Harvest ASA, to whose rights Mowi ASA v. European Commission comes).. It does not follow the main conclusions of Advocate General Yevgeny Tchev in this case. It will be recalled that the Norwegian salmon farmer and processor Marine Harvest ASA had acquired on December 18, 2012 an interest of approximately 48.5% in its competitor Morpol through a private sale from the holder of this block of shares. At the same time, Marine Harvest had announced that it would launch, as required by Norwegian law, a mandatory public bid for the remaining shares

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Fines: The European Court of Justice confirms the possibility for the Commission to impose a fine of €10 million on the Norwegian salmon farmer for buying out his competitor without prior notification of the operation and an equal fine for carrying it out before the Commission had approved (Mowi), 4 March 2020, Concurrences N° 2-2020, Art. N° 93584, www.concurrences.com

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