EU raids salmon farmers in suspected cartel inquiry

By Foo Yun Chee and Nerijus Adomaitis BRUSSELS/OSLO (Reuters) - Antitrust regulators raided salmon farms in several European Union countries owned by companies including Norway's Mowi on Tuesday in a suspected cartel inquiry. '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.

Reuters February 20, 2019 03:05:14 IST
EU raids salmon farmers in suspected cartel inquiry

EU raids salmon farmers in suspected cartel inquiry

By Foo Yun Chee and Nerijus Adomaitis

BRUSSELS/OSLO (Reuters) - Antitrust regulators raided salmon farms in several European Union countries owned by companies including Norway's Mowi on Tuesday in a suspected cartel inquiry.

"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.

Norway's Grieg Seafood said that one of its facilities in Scotland's Shetland Islands had been inspected.

"Grieg Seafood aims to be open, transparent and forthcoming and will provide all necessary information requested by the European Commission DG Competition in its investigation," it said in a statement.

And the Chief Executive of Norway's Salmar Olav-Andreas Ervik said that the Commission had raided Scottish Sea Farms, its joint venture with Leroey Seafood.

He said the company was also cooperating.

(Reporting by Foo Yun Chee and Nerijus Adomaitis; writing by Alister Doyle; editing by Francesco Guarascio and Alexander Smith)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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