Marine Harvest (OSE:MHG): Judgment of the General Court (EU)
October 26 2017 - 4:59AM
With reference to the releases of 23 July 2014
and 31 March 2014 in respect of the European Commission's review of
the Morpol acquisition process.
Marine Harvest has today been informed by the
General Court (EU) that the European Commission's initial decision
to fine Marine Harvest of EUR 20 million is maintained. The General
Court (EU) maintains that Marine Harvest has breached the
provisions of the European Merger Control Regulations.
Marine Harvest is disappointed by the outcome
and that our arguments presented to the General Court (EU) have not
been accepted.
Marine Harvest will now together with its legal
advisor conduct a judicial review of the judgment and decide if the
judgment shall be appealed to the EU Court of Justice. If an appeal
is lodged, a final non-appealable judgment is expected to be made
at the end of 2018.
Marine Harvest has already recognized a
provision of EUR 20 million in the financial statements.
This information is subject to the disclosure
requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Marine Harvest ASA via Globenewswire
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