The EU Commission finds that the largest salmon farmer and processor in the European Economic Area had implemented an acquisition without prior notification (Norway Marine / Morpol)

In merger control, gun-jumping refers to two distinct types of prohibited practices: failure to notify authorities of a transaction triggering merger thresholds, and implementing a notified transaction before receiving merger clearance from the relevant merger authority. Both behaviours can result in hefty fines. Gun-jumping for failure to notify a transaction EC In July 2014, the European Commission found that Norway- based Marine Harvest, the largest salmon farmer and processor in the European economic area, had implemented an acquisition of a 48.5 percent shareholding in local rival, Morpol, in December 2012 without prior notification. According to the Commission, this acquisition gave Marine Harvest de facto sole control of Morpol since it enjoyed a stable majority at the

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Auteurs

  • Juliette Goyer Avocat (Paris)
  • White & Case (Brussels)

Citation

Juliette Goyer, Jérémie Jourdan, The EU Commission finds that the largest salmon farmer and processor in the European Economic Area had implemented an acquisition without prior notification (Norway Marine / Morpol), 23 juillet 2014, e-Competitions July 2014, Art. N° 79571

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