On January 25, the European Commission informed six Norwegian producers about the preliminary results of the investigation into price collusion. The Commission found that the companies had violated the provisions on the prohibition of anti-competitive practices in . Violation of antitrust law would have very serious consequences in this case, because Norway accounts for more than half of the world’s production of farmed Atlantic salmon, and the European Union is its main importer.
Price collusion in the EU? The European Commission is examining the activities of Norwegian salmon producers in 2011-2019
The investigation conducted by the European Commission concerns the activities of producers between 2011 and 2019. The EC believes that during this period the companies exchanged confidential information regarding sales and production volumes, production capacity and other factors that influence prices.
As , EU Competition Commissioner Margrethe Vestager emphasized that protecting fair competition is very important because it affects the situation of consumers who want to buy food at reasonable prices. “The companies involved in this case can now respond to our concerns,” added Margrethe Vestager.
The moose scandal. Norwegian companies may pay a fine of EUR 1.5 billion for violating EU regulations
If the preliminary findings of the European Commission are confirmed, Norwegian companies may pay high financial penalties. They face a total fine of NOK 13 billion for violating EU antitrust rules. This is the equivalent of almost EUR 1.5 billion.
Source: Gazeta
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